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Tag: shrinking

The fading future of greyhound racing

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Fifteen years ago, more than 400 people attended the national convention of the American Greyhound Track Owners Association.

This year’s convention, in Las Vegas, is expected to draw 120, the Las Vegas Sun reports — yet another sign that greyhound racing’s days are numbered.

More than half of the nation’s greyhound tracks have closed for lack of business in the past three decades, four in just the past year. 

The recession, competition from casinos, state legislatures increasing gambling taxes and public opposition to the sport have combined to threaten the future of dog racing, but the industry’s downfall can be traced to the 1980s and 1990s when state lotteries were introduced and casinos began to spread beyond Las Vegas and Atlantic City. Wagering on greyhound races in the United States declined from $3.5 billion in 1991 to $1.1 billion in 2007, according to the Association of Racing Commissioners.

The continued decline in dog racing has become even more painful for casino owners who are required to subsidize the tracks as a condition of operating casinos with slot machines.

As Roy Berger, executive vice president of the Dairyland Greyhound Park in Wisconsin, which closed last year, put it: “The product became an antique. We were an 8-track cassette store in a world of CDs.”

(Photo: American Greyhound Track Owners Association)

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