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Name another game where cheating is so openly and well entrenched by many that accepts parimutuel wagers.
I'm a lifer. Been in it since I was a teenager and worked my way through college. Betting has been my livelihood from day one. Then I began owning horses. But I have always been a fan, a bettor, and an owner (breeder). The sport is where it is today because everyone involved turned a deaf ear and a blind eye to the ever changing world. Think about the US steel industry (from the 60's to the 90's, and then through to today). The people in the industry (commercial breeding farms, for example) have also cannibalized it and themselves. The sport will not die. Neither will the industry. It will be reinvented and transformed, either by choice or by necessity. It will get worse before it gets better. The future will be less tracks, which will be part of a destination and entertainment offering, with casinos, poker, hospitality, retail, and other offerings for entertainment and the wagering dollar. I don't think the new model will work nationwide. Under the current political landscape, it cannot work in CA. However, I think it will work in Toronto, NY, NJ, FL, and other places as well.
Jai Alai