Word: mutuel
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Dates: during 2000-2009
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When the long shot Volponi took the Breeders' final race, the winner's payout from the $3.4 million pari-mutuel pool was enormous and immediately suspect. "If the payoff had been $70,000 [per ticket] instead of $400,000, we might not have known," says Bill Nader, senior vice president of the New York Racing Association. "To that end, we were very fortunate...
...well-known examples are AOL, Earthlink and WorldNet - to block sites offering gambling. It would also punish Internet venues that allowed Americans to place bets online. The players themselves would not be penalized, and the bill would maintain a hands-off approach toward certain types of gambling, specifically pari-mutuel games and lotteries, currently permitted in many states...