This is an interesting video that describes the ways in which online betting, particularly, online betting on soccer is trumping the traditional betting shops and killing the horse racing industry in the UK. Without a doubt, there is growing concern for the future of horse racing.
The industry faces problems with the inability to change, the inability to offer a product that many people are able to understand and follow and the fact that it’s a very partisan industry all make the future very uncertain.
If the World Cup is any indication, online betting on soccer is a force to be reckoned with. The sport is easier to follow and most people feel they are knowledgeable enough to make a profit on it, and are more willing to bet on the sport than they are on horse racing, a sport that is becoming more and more obscure to newer generations.