Betting professionals say horse racing is in decline

Lee Bell
December 5, 2011
5 Comments

horse racing declineWould you say horse racing is “over”? Or would you gasp and punch someone for even suggesting it? Well, regardless how passionate you are about the sport, and betting on it, betting industry professionals seem to think it could be.

In the first ever Betview Industry Survey, 78% of betting professionals polled have said they believe horse racing has declined in popularity.

According to a report by Omega Gaming, Betview’s Justin O’Regan, said: “The inaugural Betview Industry Survey has given those at the sharp end of the betting trade an unprecedented opportunity to have their say on the issues that affect their day-to-day business.”

The poll also found that 67% of respondents foresee growth in In-Play Betting, while 60% think that the stake limit of Fixed odds betting terminals should remain the same.

O’Regan added: “It’s clear that, despite worries over the current economic situation, there is a real determination on the part of our respondents to take advantage of the new technology and products in the sector in order to continue to provide an excellent leisure experience on the nation’s high streets.

“The growth in the importance of in-play sports betting in the retail environment, in particular, appears to give Betview readers grounds for considerable optimism that they can appeal to a new generation of bettors and ensure that betting shops continue to be a valued source of jobs and economic growth.”

But what do you think? Is the increasing popularity of online gaming – especially with the fairly recent rise to wifi and 3G technology, which has allowed bettors to game more efficiently from smartphones and tablet devices – leading to a fall in betting on sports and more traditional forms of games? If so, should it be saved?

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Tags: Article, betview industry survey, Horse Racing
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