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By ScreamingViking (registered) | Posted November 14, 2012 at 12:22:37
Playing devil's advocate: How did horse racing support itself for so many years before the slots revenue was available to it?
I don't know the history. Was there other government support? Was the scale just so much smaller that it was able to support itself through racing revenue?
While I see racing and casino gambling as part of the same "industry" (gaming), some will argue that the slot machines have effectively provided a subsidy to horse racing. And some will argue that a business that requires a subsidy is not viable on its own (I say that just to make the point - I'm well aware there are so many other areas of the economy that are "subsidized" either formally or informally)
If we're going to look at this from a broader perspective, this issue needs to be discussed.
Comment edited by ScreamingViking on 2012-11-14 12:27:38
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