Forty years ago, horserace gambling was virtually the only game in town. As time passed, Indian casinos and state lotteries altered that landscape forever. Tracks, in a desperate attempt to compete and, indeed, survive, began converting to casinos-lite (even the crown jewel of NY racing, Saratoga). But even with artificial government-intervention in the form of subsidies, the industry remains in peril, and perhaps, just perhaps, is in an extended hospice stage.
This article, Spare the Horses, Open More Casinos, documents horseracing’s crisis.