Gamblers bet just $1.6 million on races at Wonderland last year, down from over $20 million in 2001. Betting on races at Raynham-Taunton has also fallen nearly 50 percent from 2001, down to $24 million last year. Tracks in New Hampshire and Rhode Island are showing similar declines.
No wonder Wonderland’s been threatening to close if they don’t get their way on Racinos – they’re running a quick race toward bankruptcy. It always seemed as though the parking lot at Wonderland was pathetically empty – it’s a “business” (not in the profitable sense) I happen to drive by a few times a week. Things were even worse than they seemed, which is saying a lot.
Now, that isn’t to say the racing industry won’t employ desperate measures to keep their outmoded, barbaric and not-even-profitable industry open in the Bay State – mainly, inflating their job numbers to make them seem like a staple industry that’s necessary for the economy.
But let’s make no mistake: with anemic “profits” (not in the profitable sense) like Wonderland, no one should feel guilty if we give it a push and a nudge to close. Consider it the charitable thing to do. The land will likely be sold and something else will be built in its place, something that will very likely be much better for the economy. Ladies and gentlemen, this is Capitalism taking its natural course – no need to prop up this industry if it can’t hold its own (dead) weight.