Track privitization

[randallscott35]

Originally Posted by parsixfarms

If government was simply OK with receiving income taxes on the thousands of people who work in the industry and taxes on items like admissions and concessions (where applicable), rather than acting as a parasite with parimutuel taxes, OTBs and the like, horse racing would probably be a self-sustaining, healthy industry. The problem isn't that government is getting too little from racing, it's that government is already getting too much. And now, when asked to give up a little of the excess that is is already receiving from the over-taxed industry, the politicians spin it into government "subsidizing" racing. Priceless!!

You are missing the point. Horse racing survives on gambling, not concessions or attendance...If every track needs VLTs than something is wrong with the business model. Of course it can be fixed. But don't expect government to be the one to fix it.