BEYER: Racing still draws, just not to track..

[parsixfarms]

Originally Posted by Kasept

Terrific piece..

http://www.washingtonpost.com/sports...9_story_1.html

In 1983, when the Belmont grandstand with bustling with activity, the average daily betting at the summer meeting was $3.46 million. Adjusting for inflation over three decades, that amount is the equivalent of $8.12 million today.

At the Belmont summer meeting of 2013, wagering averaged $10.1 million per day — exceeding the figures from the supposed good old days

Generally, I think the article is on point. However, because of the disparity in the track's take from an on-track dollar versus that from an off-track dollar, the highlighted comparison is less compelling from a revenue standpoint; that disparity is still something that the industry needs to address.