The article discusses the impact of the Horseracing Integrity and Safety Authority (HISA) fees on racetracks, state racing commissions, horse owners, and industry workers. The change in assessment methods has led to increased costs for state commissions, which are now having to raise fees to offset these costs. The original method, which included a 10% cap on fees, was approved by the Federal Trade Commission (FTC), but the new methodology has faced criticism for potentially adversely affecting some segments of the horse-racing industry.
Emerald Downs, a racetrack in Auburn, Wash., is among the tracks affected by the new HISA fees. Smaller tracks without large simulcasting revenue have already decided not to sell their signal, leading to races that are not covered by HISA rules. The article emphasizes the need for discussions and solutions to address the adverse effects of the new methodology on tracks and states. The industry must work together to ensure that industry workers can continue to make a living and fans can enjoy live racing for years to come.
The article also highlights the concerns raised by the FTC and commenters regarding the potential adverse consequences of the new assessment methodology. The FTC acknowledged the concerns and emphasized the importance of the authority reviewing its methodology regularly. The article concludes by calling for collaboration within the industry to find solutions that will benefit all stakeholders and ensure the longevity of live racing.