I am curious how Oaklawn's bottom line looks. Take away the on-track handle (where the track does not have to share the takeout with an ADW), and I wonder whether the net revenue from horse racing is actually better.

Of course, the big loss is the casino money. In general, I think the racino companies are not really interested in running races if they cannot open the casino. In Louisiana, they have even resisted having horses stabled on the backside.

In California, It is the local health authorities (with PETA input) that have shut down racing, not the governor. Los Alamitos is still running.

Maryland and Kentucky are the states that have surprised me. Stronach seemed to want to continue running at Laurel, and they had enough suction to get the Pimlico renovation funded, but they got shut down. In Kentucky, I cannot tell whether Churchill and Keeneland are really anxious to run without fans.

Once Oaklawn shuts down, where will those horses go?