That is in part to people giving up---there's little to no recourse to sell an underperforming racehorse. Most tracks have no options for the owner, and the bills are outrageous. Many of the horses sell for 10K and under and after the last bill gets paid that basically leaves the owners at zero. The economics have more to do with the popularity of Ongait than the convenience or price point. People just can't afford to hold on to them anymore as it just costs way too much. I really don't see a path forward for racing, the entire ecosystem is in such a downward spiral and the math just doesn't add up.
