Word: mutuels
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...Club rule, become a year older. Unofficially, the start of the Santa Anita meeting marked the start of the 1937 season. With no super-horse to attract special attention, the 1936 season went on record as horse racing's most prosperous year. In 15 states that permit pari-mutuel betting, $1,000,000,000 changed hands. Leading jockey of the year was Basil James, with 239 winners through last week. Leading trainer was the onetime pigeon fancier, Hirsch Jacobs (TIME, Oct. 26), with 173 winners. Leading horse of the year was Granville, who won $110,000. And the most...
...days. What improvements to make after purses have been raised may be a problem. The track already has the largest grandstand in the U. S., an "eye in the sky" to photograph close finishes at the rate of 165 frames a second, an electric totalizator to flash changing pari-mutuel odds on every race, a public address system, a polo field in the infield...
...than any other in the world, but the track's real "take" comes from lowly Los Angeles punters. In its first season, Santa Anita got back its whole original investment. Last season was even more profitable. Its "handle" (i. e., total of all bets made through its pari-mutuel windows) was $25,250,000. The track's gross income from admission fees and 5% of bets was $3,000,000. Currently Santa Anita is planning to up its total of purses and stakes for next winter's racing to $800,000, hopes the California Horse Racing Board...
Rhode Island's Narragansett has been a good thing ever since its fast start two years ago, when the State Legislature weakened before smart lobbying and legalized pari-mutuel horse-race gambling. Within a month the Narragansett Racing Association was incorporated and before the summer was done held its first race with paint still wet on the grandstand. The track takes 62% of all bets made, keeps the "breaks" (i. e., odd pennies left over after bets are paid off to an even nickel). Including the breaks, Narragansett's take last year was $2,174,000. Concessions, programs...
...California State Fair in Sacramento hoped to overcome the competition of the San Diego Exposition with such features as pari-mutuel betting at horse races and equestrianism...