Del Mar Online Racing Community
Chat about horses, racing, and the industry.
8 posts • Page 1 of 1
i think slot machines have saved racetracks because more people go and the handle is up. i think new york, kentucky, california which are the toughest circuits to make and they need casinos to bost purses up and too to get more people and their attendance would be up.
There is no such thing as a "saved" racetrack. Slots/Casinos have helped stop the bleeding, but eventually if this sport doesn't get its act together, then even the money infused from other forms of gaming can't save these tracks.
There is no additional gaming in sight for California or Kentucky...they better figure it out without slots
How has it " saved " racing ? Look at Mountaineer, Charles Town & Philly Park. If you own, train or are a jockey it's great- the purses have received a large cash infusion, & these groups have benefited. BUT- look at the attendance, usually it's only a few hundred in the case of Charles Town & the others aren't far off. What happens if some prohibition style edict comes down & slots & table games are abolished there ? Where are the patrons going to be that will bet on the races to keep those purses up ? There needs to be a foundation of new blood. Slots & table games are a quick fix, not a lasting one.
If wishes were horses then beggars would ride-
& If dirt were dollars we'd all be in the black
Example of racetracks who have casinos:
Saturday 4/17 for purses for race cards for the thoroughbreds:
Charles Town: $1,600,000
Evangline Downs: $187,500
Indiana Downs: $162,400
Penn National: $186,000
Philly Park: $238,000
Sunland Park: $220,400
Will Rogers Downs: $128,900
Woodbine: $515,700 (Canadian Purses)
First of all, Charles Town's 1.6 mil you have listed skews the numbers as I believe tomorrow is their biggest night of the year.
Secondly, slot machines haven't saved crap. What they have done is prolonged the problems that need to be addressed. As my buddy Sync stated, slots and table games are doing nothing but increasing the purses for the owners and trainers, they are not creating more race fans/players. They are simply taking money spent on other forms of gaming and putting that money into the horse racing purses. Once the states and casino operators open their eyes, they are going to realize that the money and profit is better used than propping up a track that's not pulling their weight.
I used to work for Brinks Security money room and we held accounts with various racetracks back in 1984, if i remember correctly their handle on track was 1,6 million Plus At GG, SA, Dmr, Hol, on a nightly average for the 5 day race week. I am sure 2010 numbers are half that now , so there is a serious horse racing fan base issues , and the number will contiue to shrink as the race fan ages and the younger generation are not the least bit interested in playing horses.
My question is how the heck do slot machines save tracks ? The answer is they don't, but the pie is also shrinking at casino slots as the economy has hit tough times throughout the country, and soon the casino slots will not continue to throw their own shrinking profit in order to save a serious broken horse racing industry, thats treading water in the deep end. If support payment are reduced, where and how can the horse industry stand on its own two feet, there is no younger generation waiting to take the place of the 40-60 age bracket. The options are close majority of tracks and keep 5 - 10 to to support the high quality to the lesser claiming ranks, less might be better and might survive another 10 years!
P.S by the way was fired at brinks for stealing $300, had to pay rent , lost my paycheck at SA before paying my bills!
Last edited by Wakwak on Sat Apr 17, 2010 12:06 am, edited 2 times in total.
How did you guys vote on the CA proposition that was on the ballot a few years ago? I'm talking about the one that shut out any possibility of slots being added at any new venue?
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Penn Gaming posted a 180 million loss for 2009. Whatever tracks that have slots or gaming are watching the state take their money and putting it into the general fund. We have discussed this to no end. Slots, racinos, whatever are not gonna save horse racing. They got greedy, raised their takeouts and have basically gouged the customer.
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