New York State is a perfect example of the slot machine horse racing relationship. Six years ago, the tracks of New York convinced the state government that offering slot machines were essential to the survival of the tracks. The state sided with the tracks and before you know it there were slot machines at every track in the state; well almost every track. The Aqueduct racetrack, the only gambling venue in New York City, did not find a proper casino operators to manage slot machines until this very month. Regardless, the tracks started making serious money with slot machines.
While the tracks were making money with slot machines, people have failed to notice that the tracks are not doing any better as a business. Yes, the tracks are no longer in the red, but that has nothing to do with horse race wagering or race attendance. Business with horse racing either remains the same at these tracks are continues on a steady decline.
This is essentially how the relationship between slot machines and horse racing has gone all across the country. The racetracks bring in slot machines, make a fortune off of slots revenue, yet horse racing continues to decline in popularity. At best, tracks begin to compete better among other tracks, but that does not change the fact that the industry is in ruins. States should avoid mixing their new slot machines with racetracks if they really want to see maximum profit from the machines; at least that is my opinion.