While this may seem confusing and limited to Florida, watch out. If one state can segregate the horse racing product seperately from their other gaming products, others may look to do the same, and then guess what happens? All the loss leading products like racing, that are subsidized by the profitable products like slot machines, will be minimized or disappear "IF" they are run by pure business people concerned with profitability.
This is the way of the world when your business is subsidized and cannot stand on it's own profitably. Other states are watching this closely and politicians who care nothing about racing will see this as an opportunity to reclaim casino profits and tax dollars I'm afraid.
This is all the more reason racing should be spending all of it's time "discovering" how to change it's product to make it profitable without subsidy. This "discovery" process, in any business or industry, is consumers based. In other words our question should be, how do we redesign the entertainment/racing product to make it "profitably" attractive to consumers?
If horse folk would have been doing this for the last couple of decades, instead of begging for subsidies, the current state of affairs would be vastly different so I ask you, what should we horse folk be doing today so we aren't asking similar questions in 5 or 10 years?
Don't dismiss this as an irrelevant Florida event Minnesota.
Dave Astar is a race horse owner, stallion owner, breeder, 40 year business executive, and 50 year handicapper.