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Analysts Debate Over Racing Regulation

1 November 2002


WASHINGTON, D.C. – As reported by the National Center for Policy Analysis: "Regulation of horse racing is motivated partly by society's ambivalence about gambling, observers say. Leaving that aside, however, there is much to be said about the purely economic aspects of regulation, particularly in view of the sweeping changes in the legal gambling market in the last few decades.

"However, critics argue there is a powerful case for eliminating many of the rules for how horse racing is organized - strictures that simply don't make sense in light of any modern rationale for economic regulation.

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