Report finds horse racing is on a slippery track

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SARATOGA SPRINGS, N.Y. (AP) -- The horse racing industry is hearing dire warnings about an uncertain future.

The discouraging assessment comes in discussions Sunday of a report commissioned by the Jockey Club titled "Driving Sustainable Growth for Thoroughbred Racing and Breeding."

A key subject is racing's shrinking share of the gambling and spectator sports audience. The study finds racing has been hit hard by casinos and online poker. Also of concern is the divisive issue of Lasix medication and the dispute among owners, trainers and industry leaders.

For all the gloomy news, however, the report points to racing's core strengths: Kentucky Derby attendance is up, as are TV ratings for the Breeders' Cup and the betting handle on major races.