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NYRA takeout reduction permanent

Updated: December 27, 2011, 5:58 PM ET
By David Grening | Daily Racing Form

OZONE PARK, N.Y. -- Though he admitted that there were others who could have discovered it, New York Racing Association president and CEO Charles Hayward on Tuesday took responsibility for the mistake that led to NYRA charging too high a takeout rate on certain wagers for a 15-month period, an error that cost bettors $7.9 million.

"I'm the CEO, ultimately I'm responsible," Hayward said Tuesday in his first public comments on the issue, which surfaced on Dec. 21. "If you're looking to blame ...

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