Here's a stat...
While racing handle is, in general, down significantly each of the last five years, handle on the "top 10 races" outside of the Breeders' Cup is up 15% over the same period. Handle on the "top 400 races" is up 3%.
Honestly, I don't know how those races are defined, but I'm presuming it's a compilation of many stakes races compared to previous numbers. Higher quality racing is doing quite well, while the lower end, the day-to-day grinders, aren't cutting the mustard. Racing is oversupplied.
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