15th of August 2011 Author: Glo Wood
Like our parents and our great grandparents before us, horsing racing was the pinnacle of gambling. With the stiff competition of casinos, online casinos including poker the interest has diminished as Americans find a new venue in the gambling industry. For many it is considered the 'dying sport'.
A survey conducted by KcKinsey and Company consulting firm and results presented Sunday at the annual Jockey Round Table were not promising.
Horse racing is down 37 percent and attendance at race tracks is down by 30 percent. Although there was some strength in Kentucky Derby attendance which was up by 8 percent since 2000. Additionally special featured races saw an increase of 23 percent per race in the last decade.
Racetracks that have been granted a casino license have fared much better, bringing in 6.7 billion in wagering. Throughout the country many tracks have fought for a casino to boost the decline in visitors with few succeeding.
A Jockey Club spokesperson said a multi-million dollar series of initiatives will be implemented over the next several years to revive the horse racing industry.
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