Quote:
Originally Posted by classhandicapper
A poll is not necessary.
There is a long record of industry handle/yearling prices vs. economic activity that suggests the economy impacts the handle and yearling prices independent of other factors.
So you can be correct that some people are dropping out or lowering their handle and we can be correct that the current rise in handle is partly related to the booming economy and higher employment. They are independent parts of the same story. The economy is working in a positive direction now offsetting some of the long term issues you are concerned with. What I am saying is that when this economy finally rolls over you'll have 2 forces working in negative direction and it's going to get really ugly again.
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The real reason why handle is up is not because of a so called "booming economy", but by the U.S. Treasury Dept and the IRS adopting modernized regulations back in November of last year, regarding the withholding and reporting of pari-mutuel proceeds. This has allowed horseplayers to keep more of their winnings, thereby increasing the amount wagered on U.S. pari-mutuel racing by as much as 10 percent annually, or upwards of $1 billion, according to independent estimates.....
