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jockey and horse pike racing stables cambridge mcrae                Pike Racing Stables, Cambridge    (RNZ / Andrew McRae)

The heady days when horse racing was king, are gone.

People are discovering new ways to spent their entertainment dollar and the thoroughbred industry is now having to share the gambling pie with others like lotto and the casinos.

Radio New Zealand's Waikato reporter, Andrew McRae talks to all parts of the thoroughbred racing industry from trainers and owners, through to the breeders and jockeys about how it can try to keep pace with its competitors.