Is Greyhound Racing Really Dying Out in Florida?

It would seem that in the state of Florida, greyhound racing is losing its lustre. Back in its glory days in the 1990s, one race would rake in up to half a million dollars in bets. Now, in stark contrast, the bets hardly even reach $20 per race. Yes, you read those figures correctly – less than $20 per race. This dog racing system has only survived because of a 1931 law that mandated all Florida racetracks to still host live greyhound races if they wanted to operate as a casino by offering other forms of gambling.

This is despite strong opposition to the legislation from both animal rights activists and racetrack operators.

Animal rights activists argue against using dogs for live entertainment, while track operators maintain that the law is costing their businesses too much. Having to maintain a racetrack and greyhounds as well as slot machines, poker tables, and a range of other gambling equipment does put a dent in their profits.

The legislation stays to this day because of support from the Florida Greyhound Association (FBA), who speak for kennel operators in the region. The FGA states that their winning greyhounds account for 5% of the total casino profits.

Is 5% of total profits enough justification to maintain this dog racing system in Florida?

Perhaps not, looking at the situation on the ground. Often, punters who frequent the racetrack casinos would prefer to bet on slot machines, play poker, or gamble in games other than the greyhound race currently ongoing. If they do utilise a dog racing system, they would bet on races other than the one in the racetrack they are currently in. Hardly anyone would actually step out into the racetrack to watch the live race, let alone bet on the greyhounds there.

Because of that, it is reported that the state of Florida loses about $3.3 million from greyhound racing. Most of the losses are incurred due to the high cost of regulation, which greatly exceeds any revenues made from the races themselves. To put a lid on this issue, Florida legislators approved a move that will amend the 1931 law. They shall vote on this proposal by November this year; if passed, it would effectively end greyhound racing in the state by the year 2020.

What is the outlook for greyhound racing in Florida?

Based on the information above, not good at all. Dog racing in the US state may see its utter demise soon enough. Although there is a chance that the races will be there to stay, the probability is quite slim. Will it also affect the rest of the United States? It could, but we can only wait as this proposal is decided upon.

The entire enterprise of greyhound racing isn’t dead yet, though. If you are looking for a dog racing system that can guarantee consistent profits, click here to get your hands on the Two Trap Greyhound System.

Stop gambling and start trading today!