Patrick’s Blog

TDN Article: “Record purses while the handle declines is not a sign of a healthy industry. It is the signature of a subsidized one.”

At the risk of stating the obvious, horseracing is at its core a gambling business. For decades, the proverbial $2 bet funded this industry. As competition – lotteries, casinos, sports betting – began to arise at the end of the…

Read MoreTDN Article: “Record purses while the handle declines is not a sign of a healthy industry. It is the signature of a subsidized one.”