Actually, I would like to clarify something. When I mentioned the $5.6 billion and the 50,000 jobs, that's not in Quebec. My first sentence was about Canada-wide; however, Quebec is much smaller.
We have about $70 million in wagers every year. Of the $70 million, 73% is given back to the gamblers or the clients. They get that money back from winning tickets. After that we pay 0.8% in federal taxes and 2.5% in provincial taxes, and then after that we have a bunch of commissions to give out to either tracks that are hosts, host tracks we call them....
Let's say we present a race, if the track is Woodbine, if the track is in the United States, we give back a percentage to that track. It's basically their fee. They make money off of it. It all trickles down to about 7% or 8% that we keep in our pockets, which is a bit more than $3 million. Then we have the racetrack fees and my staff. I pay all kinds of expenses, and then after that the net profit in our pockets is about $3 million a year.
We give $2.5 million at the racetrack for 40 cards, and we give back about a half a million for fair races that are going across Quebec. It all trickles down. It seems super large, but then at the end see how.... A purse can be $3,000, and the winner gets 50%, so the winner only goes back home with $1,500 that week.