Just a thought, but maybe TVG could help solve the problem.
They are a great "middle man".
Let's say TVG makes a deal with CableVision, Time Warner, Dish Network, Etc....... to display the racing product to the general public on an "in home" basis. (TVG would sell the signal on the cheap to gain customers)
TVG would then gain more punting customers via online wagering. (Thus TVG gains more money)
I guess my penultimate point is that, online wagering is the way of the future, yet horse racing seems to be behind the times, and/or overly regulated in the States.
I'm trying to find a win/win here. Can this happen in the great US of A?