The long-term trends show the ontrack handle at racino racetracks has declined, a direct result of putting slot machines and table games in the building. Says one racing official quoted in the article below from The Daily Racing Form, one of horse racing’s dominant media outlets: “The racing industry has far more competition now, and a lot of it is right at the racetrack’s doorstep.”
“New York City Launches Sweeping Investigation Into Polymarket and Kalshi” | The Wall Street Journal
By Kevin T. Dugan, Katherine Long “The New York City Council is investigating four prediction markets for alleged deceptive marketing