The value of scarcity

I recently returned from a short trip to Kentucky, where friends and I were able to attend the races at Keeneland on Friday.  Keeneland, like Saratoga, is open only for a limited time each year (there, for two three-week meets, once in the spring and once in the fall).  Despite the lack of VLT revenues, the purses were high, the quality of the racing was good, the facility was beautiful and — most important — the stands were full.

Good quality racing at a meet of limited duration seems to work at Keeneland, Saratoga, Del Mar, Monmouth, Gulfstream and other venues.  I think it’s a lesson NYRA should take to heart.

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