Word: parie
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Long before the Civil War there was horse racing in New Jersey. In the 1880s Jersey's Monmouth Park, with its imported British bookmaking system as well as new-fangled pari-mutuel betting machines, was the rendezvous for New York's fashionable "400." But the citizens of New Jersey in 1897 decided that gambling was a menace, outlawed it, killed racing...
Last week a new generation of Jersey voters, following in the footsteps of 21 other U. S. States which have recently grasped at gambling as a source of revenue, decided to revive horse racing, voted to legalize pari-mutuel betting in their State. Taxes on the pari-mutuel take at four proposed tracks (probable sites: Camden, Atlantic City, Asbury Park and a spot near the Jersey end of the George Washington Bridge, just across the river from New York City) will add $5,000,000 a year for State Relief, avert a threatened State income tax (which Jerseyites have...
...poolroom bookmaking and other away-from-the-track horse-race betting. Taxation on California's handbook betting (which is not limited to California tracks) will net the State $20,000,000 a year, its proponents say, in addition to the $2,500,000 the State now receives from pari-mutuel wagering at its five tracks...
...those racing fans who prefer to bet against bookmakers (because their odds are stable), non-partisan observers last week suggested permitting both bookmakers and pari-mutuels to operate at New York tracks, a common practice in England and Australia. New York merchants, who disapprove of mutuels (because of their popularity with the masses), had the condolences of the merchants of Miami, Los Angeles, Boston, Baltimore...
...what may be their last Belmont Park meeting, the measure met its crucial test, passed the State Senate a second time-in spite of an alleged $100,000 greasing fund put up by bookmakers. Now expected to be passed by the Assembly and approved at the polls next November, pari-mutuels may appear at New York tracks next spring, and an extra $5,000,000 to $10,000,000 revenue is counted on for the State...