Survival of Thoroughbred horse racing on the scale we have known it may be in greater jeopardy than usual because of a confluence of events that is being fueled by the current economic crisis. Those of us who derive our incomes solely from the industry have come to fully realize horse racing is not an activity that is required for the existence of life. In the current climate, the only group outside of the game's participants that might like to see racing continue is the state governments where betting on horses is conducted, because tax revenue from horse racing in an age of unprecedented budget deficits is temporarily useful.
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