Yet the most remarkable change at Charles Town is this: A horse owner may have a better chance to make money here than at any other U.S. Its once-dilapidated grandstand has been transformed into a spiffy modern casino the section of the plant devoted to thoroughbred simulcasting is as well-designed as that of any major track. The introduction of slot machines in 1997 brought the track back from extinction. While racetracks earn profits, horse owners rarely do.īut at little Charles Town, the usual economics of the game have been turned upside down. Even in states such as California and New York, purses aren't large enough to make buying a racehorse a rational investment. Thoroughbred tracks from coast to coast suffer from a shortage of horses that is caused by a shortage of horse owners.
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