Your thoughts please
IMHO, the biggest challenge to racing's continuity is that there is no governing body to manage the rudder.
Racing is pretty much the only sport that does not have an industry-wide C-suite of people to make policy & direction.
Worse, the tracks are completely oblivious to
WHAT'S GOOD FOR RACING. Instead, they are completely self-centered, with most concentrating on squeezing the turnip until it is dry as opposed to helping it grow.
However, the bottom line is the takeout structure MUST change to something competitive with sports betting. Since I do not ever see that happening, I see this as just one more indicator of the impending death of racing.
A few months back, I ran across a business & marketing expert who (coincidentally) also had knowledge of racing. He uttered a great truth:
"The racing world exists for just one group: old, white guys. Considering how different that demographic thinks from the younger generations, it is pretty obvious that there will be no new generation of horse players.
Hated admitting that he was spot on.