Quote:
Originally Posted by thaskalos
Sports betting is the Big Gorilla in the gambling world, and now that sports betting is becoming widely legal, every betting outlet is salivating over the potential sports-betting profits that they could garner for themselves. The racetrack profits pale in comparison, so horse betting isn't exactly viewed with optimism right now. Even the racetracks are more interested in securing a slice of the sports betting pie for themselves...instead of endeavoring to make their own gambling product more appealing as a competing entity.
It takes true innovation to come up with creative solutions when the marketplace becomes ultra-competitive...and "innovation" is something that the horse racing industry has never been accused of.
|
Here's the problem with the racetracks. The racetracks are supporting the sport they are offering. They have to come up with the purses & maintain the physical race track & grounds & other parts of the physical track. The betting establishments don't have to run the stadiums, pay the players or do anything to put the product on the field.
There would be a lot fewer casinos with sports books & on line sports books if they had to pay the price of running the professional sport they're taking bets on.
Racetracks will always be at an unfair disadvantage in comparison to sports betting.
