Mayor Bloomberg is dancing on the grave of OTB! Back in 2008, he refused to allow the city to keep supporting OTB, and the shutdown threat was real until Governor Paterson agreed to have the state take over. Yesterday, the mayor said of the now-shutdown betting operation, "OTB did make money, but they demanded 120% of it go to support the racing industry. It's not the city's obligation, thank you very much." The Daily News explains, "The closure put more than 1,000 people out of work and forced the state to assume $100million in OTB debt - and $504 million in pension and benefits for OTB workers."