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NYRA seeking $1.2M refund from breeders

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The New York Racing Association says it gave too much money to the state’s Thoroughbred Breeding & Development Fund and wants almost $1.2 million back. An error in payments to the fund was noticed when NYRA undertook a comprehensive rate review, prompted by NYRA’s own takeout error, which cost gamblers more than $7 million. The overpayment, according to NYRA spokesman Ashley Herriman, was the result of NYRA using an incorrect formula to calculate the distributions ...

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