Trouble on the Turn: How Trainers View the Financial Viability of California Horseracing (Home) (Report) by The Sport Journal

Trouble on the Turn: How Trainers View the Financial Viability of California Horseracing (Home) (Report)

By The Sport Journal

  • Release Date: 2010-06-22
  • Category: Reference

Brief Description

Introduction Long considered the "Sport of Kings," horse racing in recent years has experienced dramatically lower attendance and an aging fan base (8). Once prominently featured on the front page of sport sections throughout the state, it is increasingly rare to discover in-depth newspaper coverage beyond major racing events such as the Triple Crown or Breeders' Cup. Hollywood Park, a premier racing venue in southern California, cut purses in 2009 on average five percent as the pool of horses available to race plummeted and empty stalls abounded (1). In addition, Hollywood Park has been purchased by a large developer and is slated to close in the next few years. There is discussion as well among trainers regarding the relative risks and benefits of synthetic racing surfaces, now mandatory at larger tracks. Adding to the concern is the recent closing of Bay Meadows Racetrack in San Mateo, leaving only one major racing venue in Northern California. Empirical research, however, on the perceptions of California trainers regarding racing's future viability is lacking. As these individuals perform the most critical aspect of the sports operation--the care of the horse, it follows that their input could help predict the future health of the industry within the state.

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