Kentucky Derby betting giving a boost to Michigan's ailing horse racing tracks
Saturday is expected to be the busiest day of the year at Michigan’s four horse racing tracks.
The tracks usually see a big boost in simulcast betting from the Kentucky Derby.
Brett Boyd is president of the Michigan Harness Horsemen’s Association. He says Michigan’s ailing horse racing industry relies more and more on the money wagered on the three races.
“This weekend we really hoping the folks come out to one of those four facilities…wager on the Derby…have some fun and make some money,” says Boyd.
Michigan’s horse race tracks have dwindled from 8 to 4 in recent years. Industry officials blame competition from casinos and other types of gambling, including online gaming.
Brett Boyd hopes the state legislature will change state law to make the tracks more competitive. Otherwise, he expects two more Michigan horse race tracks may soon close.