Firstly, racehorsves are very expensive and their period of participation in competitions is limited to only a few years. And this is very little. Also, a horse requires a lot of expenses to maintain it throughout its entire life.
I also think that the profession of a jockey is a very dangerous profession and few people who truly love horses are capable of such work. Therefore, in particular, there are few professional-level jockeys. For these reasons, this sport in my opinion is becoming less and less popular.
But these races are a tradition in many countries and competitions will still be held in the future
The legacy needs to be continued and fulfilled, in every sport, or anything else in general. When someone gets old, retires, or passes away, they are supposed to be replaced by someone like them, who matches their style, their charm, and most importantly, their skills. They can become better over time, but they will at least keep the soul of the game alive. However, I'm afraid that's not happening with horse racing.
After all, this sport was born due to the fact that for many centuries the horse was the only high-speed means of human transportation.
But for more than 100 years, high-speed transportation of people has been carried out by cars, and of course by trains and planes too. And immediately racing car competitions arose. Formula 1, circuit racing, Le Mans and other competitions.
And the attention of the masses of people gradually switched from horse racing to car racing. And that’s why I think interest in horse racing is still declining quite a lot.
Traditions, of course, will allow these competitions to be held for another 150-200 years, but then, I think, they will disappear.
And they will only be in the past of humanity, as, for example, the once very popular gladiator fights in Ancient Rome disappeared.