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Horse Racing – An industry at the crossroads
Much has been said lately about the need to lower rates to race track in the United States. The theory that more people attend the races, if sales were to remove the weakest. It is a beautiful theory, but I do not think it has anything to do with the figures the low attendance.
If you think rates are on the take-off problem, then how come a crowd of 107,783 people come to Tokyo Racecourse of November 1, 2009. The Japan Racing Association (JRA), which makes shopping in Tokyo Racecourse, less 25% of the total turnover of Paris in all of Paris. However, attendance is phenomenal and the portfolio structure for JRA Racing is one of the richest in the world.
The first race of girls in Tokyo Racecourse that day had a value equal to the subsidy of $ 103 000 USD. In comparison, two-run single carded at Santa Anita that day Each scholarship was $ 36,000. Attendance at Santa Anita only 6031.
Tokyo Racecourse carding 12 races that day. Eleven of the twelve races with more than ten entries. Many races have been fourteen or more entries. The largest camp in Santa Anita ten headings. A career at Santa Anita that day had only four owners.
It has been shown that adding slot machines at racetracks can help with scholarships and general expenses. Pennsylvania and West Virginia has shown that. This helps owners and trainers to stay in business. However, as scholarship has increased in Pennsylvania, the total handle decreased by 15% between 2006 and 2008.
Although it would be nice to blame the low attendance, low handbags and small fields of sales assimilation, the racing industry in Japan shows that it is not the problem.
So what's wrong with horse racing industry in this country? I think the problem is the lack of young racegoers. Horse racing in the United States suffers from a horse player population aging.
Club Derby, the closest hotel to Paris via satellite for me, the most young boy in the room is usually the guy who carved roast beef on my sandwich. It seems to be in his fifties.
The racing industry must have the collective head of sand and faced. The beneficiaries of social security funds have generally limited Paris. If there is no Generation X Fast track, the racing industry as we know it can not exist in ten years.
-30 –
About the Author
Gerald Cohail has been handicapping horse races for more than 50 years. To see more of Gerald’s horse racing insights and get your Free copy of “Treat Horse Race Wagering Like A Business” visit HandicappingResearch.com
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