Quote:
Originally Posted by Andy Asaro
I could be wrong but ADW business increased dramatically during the pandemic because people could bet from home. The aggravation level for people betting on horse racing is off the charts and eventually people tell themselves they don't need the aggravation. I think this year handle will be down anywhere from 5-10% overall.
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IMO the pandemic era was a one off that should probably be ignored other that what we could learn. There was pent up demand after everything was closed, stimulus checks were flowing, some other sports weren't active for part of that period, more people were home and bored.
On one hand sports are stiffer lower cost competition and easier to attract and steal new customers because most potential gamblers already watch sports and know all the teams in their favorite sport(s). On the flip side some sports bettors may get exposed to horse racing for the first time, try it, and like it. Intuitively, I think it will net out to a negative in the same way lotto, scratch offs, and casinos took a percentage of the overall gambling pie. I'd love to know how the experts will try to measure that impact.