Racino

A racino is a type of gambling establishment that combines a horse racing track with casino games. The term is a portmanteau of "race track" and "casino." Racinos typically offer live horse racing, simulcast wagering on races held elsewhere, and a variety of casino-style gambling options.

The specific types of casino games permitted at a racino vary depending on local laws and regulations. Common offerings include slot machines (often called "video lottery terminals" or VLTs), electronic table games like blackjack and poker, and sometimes live table games.

The development of racinos has been a significant trend in the gambling industry, particularly in North America. They emerged as a way for struggling racetracks to boost revenue and attract a broader audience by offering a more diverse range of gambling options. The increased revenue often supports the horse racing industry through purses, track improvements, and breeder incentive programs.

The impact of racinos is debated. Proponents argue they create jobs, generate tax revenue for local and state governments, and revitalize the horse racing industry. Opponents raise concerns about potential negative consequences such as increased problem gambling, the diversion of funds from other sectors, and unfair competition with established casinos.