sThis weekend someone again told me Minnesota breeding is "fine, just fine", and does not affect the racing product. I just said "wrong again", and had to walk away.
Here's the simplest graph I can design to illustrate what the racing product is, and what it should be if we had a proper supply of state breds. At a minimum, we should have 10 to 15 more state bred Thoroughbreds starting every racing day, based on 2016 data and states/provinces with between 50 and 200 racing days.
Simply put, the Minnesota breeding system creates a short supply of state bred horses that can actually race at our Minnesota track. If there was a "competitive" supply of state breds, those 8 race card days might be 9 or 10 as they should be, and we would not be losing the related parimutuel revenue from running short.
Facts are funny things aren't they? AND the economics of the breeding system in Minnesota deserve much deeper intellectual attention.
Dave Astar is a race horse owner, stallion owner, breeder, 40 year business executive, and 50 year handicapper.