Why look at the possible effects on horse racing? The effect is rather obvious, more competition for the wagering dollar. Giving a track a cut of the revenue without any incentive to change has proven unhealthy for the sport already. If a track wants a cut, say ok if the field size is 9 or more starters. Set the take out at the same rate as sports betting. Make accurate information available to the public. Make your drug enforcement have some teeth. In other words, make your product competitive. Horse racing has already proven that without incentive, they will continue in the same direction as they were heading before casino money came along, downward.
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