A significantly smaller North American racing industry with half as many major racetracks and twice the average purse per race would make racing profitable for both racetrack operators and horse owners by 2020, Robert Evans, the chief executive of Churchill Downs, said during the opening presentation on Tuesday at the University of Arizona Race Track Industry Program Symposium on Racing and Gaming in Tucson.
http://www.drf.com/news/churchill-ch...lls-downsizing