Reality Hits and Bites

So we're almost two weeks into the new year and I think it's safe to say, the bloom is already off the rose. That is, if there ever was one. The doom and gloom scenario with which 2008 ended is playing out in a big way as 2009 begins to unfold and I must confess, it is disheartening to even a die-hard optimist (me).

First we have the dismal report from Equibase on wagering in the United States last year, down 7.2%, to the lowest overall total in a decade. No surprise there but coupled with the equally dismal sales figures for recent sales, lowering of stud fees and lay-offs of almost all the working press writers on major newspapers in the U. S., and I can't help but think the handwriting may be on the wall for a sport that can no longer support its own.

Yes, slots can save many a track and yes, more are slated for voter approval in 2009, but make no mistake, I truly believe the glory days of racing are long gone. Few can afford it (which may return it to the sport of kings mentality) and fewer still may be able to justify the expense.

Which brings to mind the question of what will become of all those horses and all those beautiful horse farms and I can't help but think that on some level it could be a marriage made in heaven. Of course, it all comes down to money and that seems to be in short supply these days.

Some will say that this environment is perfect for opportunity, but the trick is finding the opportunity that resonates with the current national mindset and then hoping your timing is right. I worry about the people who have made their livelihood in the industry and hope that they have some cushion that affords them the ability to continue doing what they love.

And just in case anyone in the horse industry is paying attention--perhaps the answer is to start thinking about ways to bring back those glory days--and that has to do with the appeal of the horse.