Site icon OLD DOMINION HORSERACING NEWS

The State of the VA Thoroughbred Industry

STORM CLOUDS GATHERING

Looking at in hindsight, there our multiple reasons for the decline and changes negatively impacting Virginia’s Thoroughbred racing and breeding industry including:

·       The nature of the beast – the Thoroughbred breeder and racehorse owner.

·        Death and poor estate planning.

·        Virginia’s archaic approach to pari-mutuel gambling – the primary funding mechanism of the racing and breeding industries.

·        Virginia’s archaic approach to any gambling that the state government isn’t the primary beneficiary.

·        Competition from surrounding states and those states which are not so relevant geographically such as Kentucky and New York.

·        The national economy, the global economy and the overall Thoroughbred economy.

More later. 

Visits: 75
Exit mobile version