Nice little string guys.

The guy who owned the boat had no revenue stream unless he charged the pals who went out with him.

Horse Stock is down state-side but what about in Japan. Sadler Wells the #1 sire in Europe was bred I believe at Claiborne Farm. Along with top Japan sires Forty Niner and Sunday Silence (Stone Farm). They all sold to the highest bidder.

With a better opportunity for a return on your investment there will be more owners. The risk will be less until the Breeders start getting higher bids for the sold offspring. Its simple supply and demand with regression risk analysis factored in.

As of now slots in Ky and NY is TALK. With both legislatures already having proved they are slow moving and consistently behind the curve who knows when there will be change. The others are already acting. Any slippage these two have already incurred, and don't kid yourself they have incurred some, they may never get it back.