Dead Horse Racing: Why the taxpayer subsidies?

Horse Racing is DEAD! Attendance down, yet states continue to use taxpayer funds to subsidize the DEAD industry. And then taxpayer funds are used to bail out their failures.

Not one single legislator is asking for an INDEPENDENT ANALYSIS.

What other business receives similar subsidies? WHY?

NoPlainvilleRacino

News from the Gambling "Arms Race"

More and more tax breaks and bailouts for racetracks, casinos, and racinos in CT, RI, DE, NJ, where they have found they can't compete with the proliferation of casinos and racinos in the U.S. Nor can they compete with the expansion of existing gambling venues from racing to slots, from slots to table games, from slots & table games to full-blown, over-the-top destination casino resorts. Where will it end?

Now add Internet Gambling in to the mix and throw a match: the tinderbox of our economy is blown to smithereens.
...
(Plainville, MA, remember that Plainridge has already been bailed out by its owners for 14 years without a profit.)


Recent News on Casino/Racino Bailouts:

Bailout for Delaware casinos exposes national problem
http://video.msnbc.msn.com/all-in-/52269868#52269868

America moves to bailout casinos
http://thenewsunit.blogspot.com/2013/06/america-moves-to-bailout-casinos.html

W.Va. casino hosting lawmakers urges tax break (AP)
http://cdcgamingreports.com/w-va-casino-hosting-lawmakers-urges-tax-break-ap/

Chris Christie’s Failed State Capitalism
http://www.bloomberg.com/news/2012-08-10/chris-christie-s-failed-state-capitalism.htmlSee More

 

Click on link for video --

 

 June 20, 2013

Bailout for Delaware casinos exposes national problem

A proposed bailout is seen as a rude awakening to taxpayers who are always told that state- approved gambling is a revenue generator. There are now so many casinos in the U.S. that the new ones are hurting the revenue of the older ones. Host Chris Hayes asks Delaware and New York lawmakers if casinos make sense.

 

http://video.msnbc.msn.com/all-in-/52269868#52269868