Press-Republican

Local News

November 29, 2012

Capital District OTB holds its own in tough racing business

(Continued)

“If we could get that changed, we would make a lot more money for the counties,” he said.

Capital OTB provides Essex County with about $26,000 per year, according to County Manager Daniel Palmer, and Franklin County is expecting to get about $50,000 in 2013, according to its tentative budget.

TV DEAL

In a move to generate more interest in racing — and hopefully, eventually, more revenue for the counties — Capital OTB recently entered into an agreement with Racetrack Television Network to carry Capital OTB’s TV schedule of morning programming to a national television audience via satellite provider DISH Network.

“As a public-benefit corporation, Capital OTB is in the business of making money for the municipalities in our region,” Capital OTB Chairman Marcel “Mickey” Webb, who is from Franklin County, said in a statement.

“The new OTB-TV production studio and the other investments we have made have been accomplished in a very cost-effective manner and will result in more profitable operations and a greater return to our host communities.”

Email Joe LoTemplio:

jlotemplio@pressrepublican.com

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