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I voted for the drug issue since without legitimate outcomes of races, it becomes ONLY a betting proposition and no longer a sport. When Todd Pletcher wins a Grade 1 race, most people used to think it may be tainted. Now, most people don't really care that much because they know most of the industry is tainted. This is the exact reason boxing fell apart and became a quasi wrestling-like event.
However, there may be one problem bigger than all the rest: The failure of racing officials and stakeholders to possess forward thinking. Most people involved in the industry make decisions only on what benefits their immediate needs and not what benefits the sport in general. Without leadership in this area, it will be a dying carcas torn apart by those wolves looking to scrap a few margin dollars out of the game before it rots away.
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