December 28, 2011:

New York Racing Association President and CEO Charles Hayward has apologized for the issue regarding the overcharging of takeout on exotic wagers which have cost horseplayers millions of dollars

December 7, 2011:

Stephen Burn, the CEO of TVG and Betfair, said that his company has already spent 10 million dollars on the development of a U.S.-based exchange wagering site for horse racing

October 12, 2011:

"I don't know if there is a consensus [on takeout] to be honest. When some of the people down there heard I was on this panel, they sat me down and said 'you can't really think that reducing takeout is a good idea.'

August 16, 2011:

Following the release of a comprehensive report by consulting firm McKinsey & Company, The Jockey Club has announced a multi-million-dollar, nine-part plan for the betterment of thoroughbred horse racing and

August 3, 2011:

Pennsylvania racetracks continue to have some of the highest takeout rates in horse racing and industry leaders in the state have weighed in with their thoughts on the rates