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One big saving of racing has been interstate wagering. However, when you involve interstate commerce, you invite fed oversight. This is true in every industry. It's a catch22. If state run tracks decide to stop taking wagers from outside the state, the drop in revenue kills their game. If states decide to pay for the extra oversight, the added expense may shut down smaller circuits, Contraction will follow either decision. Or we can scrap the whole idea of fed oversight and play it cheap. And accept whatever each state commission believes is fair to fans. Even though racing is conducting interstate commerce.
If you believe fed bureaucracy is both incompetent AND evil, you would oppose oversight. I choose to believe the fed is just incompetent.
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