Mr. Michael Murnane:

How does the Tote operate? A person places a wager on the Tote, and fully 80% of the Tote goes into the Tote pool. Depending on the margin, the winnings that accrue in the Tote are paid out accordingly in a dividend to the winner. A total of 20% is retained by Bord na gCon and the 20% is used to pay whatever operating costs, etc., relate to the Tote.