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Maryland’s Off-Track Betting Parlors Struggling

URBANA, Md. (AP) — Maryland’s four off-track betting facilities are struggling along with the state’s declining horse-racing industry.

Racetracks are hoping a bailout and slots will revive the industry, but the OTB facilities are worried about closing their doors.

Wagering at all four OTB facilities made up about 14 percent of $303 million in statewide bets on thoroughbred and harness races two years ago. Maryland Racing Commission figures show OTB wagering has fallen from more than $80 million in 1995 to $41.4 million in 2009.

OTBs were meant to boost the racing industry by bringing racing to people who lived far from the state’s four major thoroughbred and harness tracks. But they have been hurt by the growing popularity of slots, casinos with table games in neighboring states and online betting.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Comments

One Comment

  1. bernard mc kernan says:

    It’s a scam. Never intended to make money. Slots gambling is what the state wants in their own controlled casinos. Outlaw gaming privately take it over ny the state & control it is what the state of Md is all about.

  2. PAULMICELLI says:

    LETS FACE IT.. HORSE RACING IS OVER IN MARYLAND….THERE ARE TOO MANY OTHER WAYS TO GAMBLE FASTER THEN HORSE RACING…..GOT TO CHANGE WITH THE TIMES OR GO UNDER.

  3. overtaxed says:

    The horse racing industry shot themselves in the foot in the mid 90’s when they got Glendenning to side with them and block slots. Then they came back and said slots are needed to save thier bacon, but that slots should only be allowed at horse racing facilities. Horse racing is yet another facet of the culture of corruption that is Maryland democratic politics.

  4. pigeon says:

    Unreal – all these years and I had no idea whatsoever there were such a thing as an off track betting facility here in Maryland. And now I find out there are four of them. So much for me an gambling. One sure thing you can bet on, I’ll not be traveling up or down 95 to loose my hard earned money. If I don’t spend it now on my whims then my grandchildren will be having fun spending it after I’m gone!.

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