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Originally Posted by Irish Boy
Maybe, but sports betting is a loss leader at many casinos. Bookies do well because they shade home teams, don't have to be competitive when it comes to exotic wagering, and because their clientele is often unsophisticated. Casino sports books often show losses in the short and medium terms. I see the point, and if it increased parimutuel handle, that'd be great, but a single bad loss (think 2008 Super Bowl) could wipe out a racetrack- or racetrack company- completely.
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I think they would have to transmit their bets to Vegas or whoever for a small piece of the action. Remember they're trying to get people to the Track to play the Horses primarily!
People will pay admission and buy food and drink while they're at the Track. Hopefully 10% or more will stay and play the Horses while they watch their game!
