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There will come a time when the slots also face a demise as well. When the customers realize they lose roughly 85% of the time. That's when reality will set in and taxes will have to be raised. You really don't expect the people making these poor decisions to swallow their own medicine, do you?
They missed the boat by not reducing takeout for the bettors with some of that slot money. Also by not promoting the sport or subsidizing the breeders that eventually disappeared creating the horse shortage which in turn only further weakened their offering. Instead, they overpaid for a product they were already getting at a lower price which only hurt the sport and the athletes that are the crux of the sport. Oh yeah, it wasn't too great for the fans either. BRILLIANT!
Now that they have weakened the sport they are going to pull the rug out from under it. Pure genius.
(Now I'm done)
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This is not gambling. This is just taking advantage of an extraordinary business opportunity. Jay Trotter
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