Word: pari
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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...
...Says James C. Brady, chairman of the New York Racing Association: "There could be a point of no return here. If racing is to be gouged just for state income, the sport could be killed." Says a New York racing official: "If it's money they want from pari-mutuels, why don't they just run a bunch of mice around a track twelve months a year?" Even a few bettors gripe. Says one: "I don't care what the longer season does to horses. What does it do to humans? They're giving...
...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...
...Pari-mutuel dog racing at Wonderland Park in Revere through September...
...combination of it, at a neighborhood confectionery store or newsstand. The winning number, determined daily, could be the last three of the dollar figures of U.S. Treasury receipts (as reported in the next day's newspapers), or the last three dollar numbers of the pari-mutuel receipts at a race track, or any other easily verified number. In any case, a player's chance of winning on one number is only one in 999; his winnings...