The issue isn't the handle it's where the handle is being placed. The handle could be 20% higher next year but if that handle is less on track, less OTB, and mostly ADW. Also ADW wagered on tracks out of state then the purse account gets less and less of that handle. ADW was the gorilla in the room because the industry didn't have the foresight to figure that platform out on its own. For that they get crumbs, peanuts, virtually nothing of that overall handle when divided up into a purse account. As far as the track/casino deal yes it's still here but when will it not be and whoever posted purses as a 1/5 or 1/10th will be right on.
Thank you for the shout out!
My first venture into the business was at Pompano Park [RIP] in 2004 pre slots. I knew going in it was a losing proposition going in {I talked my girlfriend into going in half with me as she was warned of the financial losses} and we did it anyway. It was one of the best experiences of my life (I have bowled 2 perfect games on the same night and cashed in a Professional Bowlers Association 50+ tournament, tying Norm Duke and beating Pete Weber in that tournament}. My girlfriend and I actually bred our mare a few years later and he made the races finishing 3rd to Sweet Lou in his first lifetime start.
The only reason I am in the business today is because of the 'slot-infused' purses. I'm not going to lie about this and many others that are owners here are too. At least you have a chance to recoup your investment into the "dying sport" and still enjoy it. I 100% respect my current trainer and it is a business experience as well as a social/friendship one too.