While state subsidies to the industry
Based on the findings of the consultant's report, it may be time to end the state's role in supporting the industry.
The $67,000 study by the Spectrum Gaming Group of New Jersey - commissioned by lawmakers last year - found that the economic impact of greyhound racing is about $30 million a year while state subsidies to the industry is nearly the same, at about $29 million.
The consultants deem that narrow margin hardly worth the while, particularly considering that a sizable chunk of the racing purses subsidized heavily by the state go to out-of-state interests. Their report recommended eliminating the greyhound racing subsidies. "To continue to operate under the current structure does not appear to be in the best interest of West Virginia taxpayers," the consultants' report said.
The study noted steep drops in wagering and attendance at the live dog races, yet purses have gone up over the years to try to attract more breeders. State subsidies now account for 95 percent of the purses offered.
In addition, the report noted how death and injury rates for the greyhounds used in the races have shot up in recent years - another factor that lawmakers should consider as they figure out what to do next.
As of now, greyhound racing in West Virginia is a money-losing proposition that has questions about the treatment of the animals involved. It appears the state should end its role in the endeavor.