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Fewer Bettors Wager On The Ponies

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Kentucky Derby

Photo by: Rob Carr/Getty Images

Tomorrow is the annual Kentucky Derby, but many would-be bettors are staying away from the race and sports books.  The “Las Vegas Sun” says revenue from horse racing has fallen 30-percent at Nevada casinos over the past decade.  One reason is that even the Super Bowl of horse racing can’t attract a younger and higher spending crowd.  Horse betting seems to attract an older clientele, with its slower pace and fewer opportunities for gamblers to win long-shot races.  And some observers say bettors are turning to foreign websites with higher win potential.

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