
Click to view full size
Having established that more than $500 million of racing revenue, money generated from betting on live racing at Caymanas Park and races beamed from overseas, was pumped into government coffers for 2022-2023 as fixed percentages of every dollar wagered, it is rather mind-boggling that the various groups clamouring for a purse increase from promoting company Supreme Ventures Racing and Entertainment Limited (SVREL), seemingly, have no interest in what is a perennial drawdown from their equity.
In case this missed some horsemen, for 2022-23, the Jamaica Racing Commission ($191 million), CHASE Fund ($16.4 million), and the BGLC ($57 million) collected millions from the racing industry, plus unclaimed winnings of $105 million.
Even if one wants to separate $174 million in taxes, which went to the Consolidated Fund, what is being done with the US$330,000 that SVREL pays annually to Caymanas Track Limited for lease of the racing plant, which, the same groups will declare from atop the rafters as being in a deplorable state?
The portable companion to gazettE. Get notifications, track read articles, and more. The latest news from Trinidad and Tobago, in one place.
Related stories
See articles related to "Jimmie Says … Horsemen’s ire pointed in the wrong direction"