Word: mutuels
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...Friday night crowd at Long Island's Roosevelt Raceway was in a festive mood. In the grandstand, beer cans rattled and pari-mutuel machines beat a steady thunk, thunk, thunk. In the Cloud Casino, champagne corks popped and waiters served steaks. For some, it was just a night at the races. But most were drawn there by a fantasy of instant wealth...
Last year was the biggest in the history of U.S. horse racing. More than 50 million people attended horse tracks, bet $3.6 billion on how the nags would finish, and thereby contributed some $288 million to the treasuries of the 24 states that get a cut of the pari-mutuel proceeds. This, plus dog racing in seven states, Florida's jai alai and Nevada's wide-open casinos, pushed the gambling revenues even higher...
...state some $5,000,000 beyond last year's take of $15 million. California expects to net nearly $42 million from racing this year, is considering a bill to take part of admissions and concession money as well. Pennsylvania and Vermont soon will set up their first pari-mutuel machines...
...told a ministerial association that it need not fear that racing would lure prostitutes, since "we already got plenty of prostitutes to meet the demands." A subcommittee of the Iowa legislature has favorably reported a racing bill. In Idaho, where at least five previous legislatures passed a pari-mutuel law only to see Governors veto it, the present legislature recently overrode Governor Robert Smylie's veto. But Smylie contends that the law violates the state constitution, so far has refused to appoint a racing commission to get things going. Some states are eying the potentially huge take of another...
...hairball who runs the syndicate-among them the deathless moment when, with a casual flick of his manicured fingers, he announces superbly: "Give dis genulman eighteen tousan' dolluhs fum petty cash." The whole cast obviously enjoyed making the picture, and most spectators will find that the pleasure is mutuel...