Horse racing, once a popular sport in America, is now facing challenges that threaten its future. Prognosticators predict that the sport may no longer operate regularly in California and Florida within the next decade, which could have significant implications for the industry as a whole. The geographic footprint of horse racing is in danger of shrinking, impacting key states like Kentucky.
California and Florida’s struggles in the horse racing industry are concerning for Kentucky, as these states are key pillars supporting the sport. The lack of sports gambling and historical horse racing slot machines in California, as well as financial challenges in the industry, are contributing to the decline of horse racing in these regions. Politicians in California have shown little support for the sport, further complicating its future.
The Stronach Group, which owns major racetracks like Santa Anita Park and Gulfstream Park, is facing challenges as well. The potential sale of these tracks could have far-reaching implications for the horse racing industry. Kentucky, on the other hand, has implemented legislation to support the sport’s financial future, highlighting the importance of proactive measures to ensure the industry’s sustainability.
