NCT,
IMO, the economics and organization of racing are so beyond preposterous it\'s mind boggling.
The gambling pie in racing is \"X\".
If we closed 90% of the tracks, I\'d be willing to bet that \"X\" would not shrink that much in an era of Internet betting, simulcasting etc... However, the profits, quality of racing, quality of the facilities, purses etc... would soar even if they lowered the take sharply because the costs would be massively lower per dollar of handle. Lots of people that are getting buried now betting, via ownership, training etc... would all start making money.
Of course a lot of jobs in racing would be lost, but this is America for crying out loud. Industries restructure all the time. It\'s part of the process of improving the quality of goods and services, eliminating inefficiencies, improving standards of living, using resources effectively etc...
All that land (and perhaps even some of the facilities) would simply be used for other things. So other jobs would be created even if there was a net loss of jobs to racing.
I\'m sure all the brain dead politicians (and those that would put political self interest ahead of what\'s right) would be tough to sway, but I\'m also sure something reasonable could be worked out between states etc....
Unfortunately I really don\'t even see much of an acknowledgment within the industry that it has to shrink massively.