I wonder if this has any merits??? One thing is for sure, the tracks won't have to clean up all those losing tickets.
CHRB says come back with more information
A proposal to create a lottery for losing horse racing bets was heard by the California Horseracing Board, with no endorsement or reportable action.
The idea, generated by longtime trainer Darrell Vienna, is part of an effort to increase attendance by casual racing fans. In essence, a lottery between all losing bettors would be held at the end of each racing week, with the requirement being an entrant has to be present to win the prize. The more dollars lost, the more entries one gets in the pool.
"They did not put thumbs up or thumbs down on it," said CHRB spokesman Mike Marten. "The situation is still a work in progress."
The board advised staff to assist Vienna in answering their questions and coming back with further details. Opposition to the proposal could come from savvy bettors, who contend the lottery takes away from the overall possible winnings for successful wagers. The California horseracing industry is aiming to increase dwindling on-site handle, largely due to the increased popularity of Internet wagering.