And what i do think is that, when horses were a pretty much always available commodity, the game of horse racing was pretty popular and one that was enjoyed by very many people all over the world, but today, horses have become very scarce, and pretty expensive for those who still have it, so instead of spending so much money to host horse racing games, people now refer to spend less to host even games that are more interesting than horse race, as we have a lot of options today when it comes to sports.
People these days are more interested in modern-day games like football, cricket, baseball, tennis, boxing, and a lot more that are played and liked on a global scale and there is high demand for these sports which is the reason why most countries are interested in having these games instead of those that are fading away with time.