CHRIMS offers a comprehensive set of services to the horse racing industry including:
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Money-room shift and simulcast host fee settlement
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Statutory and contractual distributions of the takeout
(takeout is the percent held back from the betting pools to pay the cost of horse racing)
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Detailed purse calculations
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IRS W2-G Withholding database, including year-end data files to the IRS and State Agencies
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Money-room teller balancing and cash reconciliation
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The technology backbone for the CalRacing Club admission program
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Handle and Pool Accounting & Reports
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Runner and Race Reports
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Archival of tote data.
While gathering and processing data we:
- Interface to multiple tote systems
- Address tote problems as they arise, day to day
- Manage standardized identifiers for race characteristics
- Handle exceptions so reports balance
In addition to data processing, CHRIMS offers other services including:
- Inter-networking 34 race tracks and off-track wagering facilities in California for the purpose of wagering
- Building custom reports and interface projects