The Holes  

There's really not alot to say about the holes themselves. Some were big enough to contain several folded or rolled tickets, although most contained only one. These particular holes are covered with paper, but many boards used foil.

These holes are unpunched, of course, which is really the most important thing.

1. Punchboard Header
2. Payout Table
3. Section Header
4. Holes
5. "Union Made" Emblem