Posted in Finance, Accounting and Economics Terms, Total Reads: 308
Definition: Pari-Mutuel Revenues
These are the revenues which a gaming company earns when the customer bets. This betting occurs most commonly on the horse racing.
Apart from the revenues that the gaming companies earn from the customer’ betting activities, the companies can also earn income from other types of gaming like casino games.
Churchill Down is a company that earns a sizeable proportion of their income from pari mutual revenues. In Pari-Mutuel betting, the top three bettors pool their bets and they share the earnings. All the bets which are of particular type are placed in a pool, taxes is deducted and then pay off odds is calculated on the basis of which pool is divided into the winning bets.