South African Betting Revenue, Daily Racing Form, 1921-01-17


view raw text

. SOUTH AFRICAN BETTING REVENUE Writing to the Daily Telegraph Mr. .1. s. Peu- i . ■ ;. a Durban correspondent, si~: "As sir Abe Bailey explained, tin big stakes riven with small nomination fees are only poaidble on account of be totalizator being extensively patronized, from the vr.iss takings ,.f which the Johannesburg club deducts lit per eonl ami the Durban Club Uj per «in before dividends are declared lor each race. of these amounts the Ihirban Club allows 1 i_. per cent tor anorking expenses ami 4 per cent goes to the Provincial Council as a tax, leaving 7 per cent lent lor the dub funds. "In addition, all bookmakers pay licenses for the privilege • 1" standing up on tin- Durban course. and the Mini received from tins source dm in.: 1919 and ISO! tame to sta;. i.-.r.. The dub also trapeses a tax of ii._. per rew.1 mi winning bets, which goes i" the fund-, both bookmakers and backer? paying it. This rame to ,X08, and as the tie net profit was S17:t.n.-,L von understand now large stakes can I ffered for small nomination lees. "I have not t:ot the Johannesburg figures available, but as I,,- population there is far above of Durban the figures should be larger. Against this, however, i: must be remembered that Johannesburg lub is .-, proprietary one. win, dividend* lint ited to 11 per cent. The Durban Club is not, and n dividends: hence the larger reserve. Johannesburg Turf Club has fifteen Meetings a year, and tin- Durban Club alMiitt lwonty-si: inn. of course, in the Transvaal there are other dubs racing which nave I he far share of dates. Bach dub has f -tee • fifteen days a year." Hportiag Chroinle.

Persistent Link:
Local Identifier: drf1921011701_2_6
Library of Congress Record: