Eric Johnston

The Pennsylvania Horse Racing Commission (PHRC) on Tuesday voted to grant Thoroughbred racing dates for 2025 that will feature 150 programs at Parx, 105 at Penn National, and 76 at Presque Isle Downs. Prior to the vote on the dates, however, executives from each track were asked to do something rarely required by racing commissions in this country: Principals from each venue were requested to explain the rationale behind the 2025 takeout rates that accompanied each licensee's dates request. Takeout rates, the per-bet pricing structure that tracks and states impose...