Racing’s Massive Corporate Welfare

If the Welfare Spigot is Shut Off, Much of American Racing Will Collapse

The Associated Press recently ran a story on racino subsidies (our previous posts on the subject) for the racing industry, explaining how these subsidies translate to corporate welfare for an inexorably declining industry. (This decline has two root causes: competition…

Read MoreIf the Welfare Spigot is Shut Off, Much of American Racing Will Collapse