A proposed legislative measure in Florida could permit the state’s two remaining thoroughbred racetracks to discontinue live horse racing while continuing other gambling activities. Known as “decoupling,” this bill has sparked a heated debate among stakeholders. Proponents argue that it would grant racetracks more operational flexibility, allowing them to make independent business decisions. Critics, however, warn of potential devastating impacts on the horse racing and breeding industries, which significantly contribute to Florida’s economy. The legislation has already passed one committee with a 12-4 vote and is now under further review.

Economic Flexibility for Racetracks

The proposal aims to offer greater business adaptability to racetracks by permitting them to cease unprofitable live racing operations. This move, supporters believe, aligns with Florida’s principles of free enterprise. They argue that racetracks should have the autonomy to decide their operational strategies without being compelled to maintain potentially unsustainable live races. By focusing on profitable ventures such as cardrooms and slot machines, tracks can ensure long-term viability.

Advocates highlight that this legislation allows racetracks to concentrate on areas that generate consistent revenue. For instance, Gulfstream Park has already outlined plans for an extensive racing schedule through 2026. However, Tampa Bay Downs has not disclosed its future intentions, suggesting that the proposal may be more beneficial for certain facilities over others. Rep. Adam Anderson, who introduced the bill, emphasized the importance of applying free-market principles to the thoroughbred industry, enabling tracks to thrive without the burden of unprofitable racing events.

Potential Risks to the Horse Racing Ecosystem

Opponents of the decoupling bill express concerns about its broader implications for the horse racing community. Many fear that ceasing live races could undermine the economic contributions of the industry, which supports various sectors including agriculture and tourism. Local economies, particularly those surrounding racetracks, stand to lose significant revenue if live racing ceases. This shift could lead to job losses and negatively impact related businesses like restaurants and hotels.

Jena Antonucci from the Thoroughbred Owners and Breeders Association warned of the ripple effects on local economies and agricultural sectors. She noted that the industry generates billions of dollars annually, second only to tourism in terms of economic impact. Race fans and industry professionals share these concerns, fearing that reduced purse money and fewer race days could cripple the sport. James Verrone, whose father was a jockey, expressed worries about the potential closure of tracks and the subsequent loss of jobs for trainers, jockeys, and support staff. As the bill progresses through the legislative process, the horse racing community remains divided over whether decoupling will secure a sustainable future or mark the decline of a historic industry.