THE TOTALISATOR.
During the last ten days, a sum of approximately £500,000 has been put through the totalisator at the racing and trotting meetings at Christchurch and Auckland. The Government and the clubs take, between them, about 12i per cent, of the total sum put through. Thuß, on an investment of £500,000, the public would lose £62,500. It may bo taken for granted that the actual amount invested is not more than one-eighth of the total put through the machine. This would mean £65,000. Thus, after the Government and the clubs have been satisfied, the public has £2500 for distribution among lovers of the sport. It does not require a mathematician to tell us that few, excepting the owners of horses, have made anything out of the business.. Of course, the £62,500 which has gone to the clubs and the Government is not lost to the country. A large proportion of it is paid out in stakes and goes into general circulation. But it is a question whether the country, in its present condition, can afford to spend so large a sum upon an industry (if such it may be termed) which yields so, little in the way of production.
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https://paperspast.natlib.govt.nz/newspapers/WAG19191117.2.15
Bibliographic details
Wairarapa Age, 17 November 1919, Page 4
Word Count
200THE TOTALISATOR. Wairarapa Age, 17 November 1919, Page 4
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