Word: parimutuel
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...both within internally and with the world at large. The gambling age should be set nationally at 18. At 21, it is undermined by one’s ability to buy lottery tickets (in all states but Iowa), play charity bingo (in all states but Alaska) and engage in parimutuel betting (in all states but Iowa and Texas). It is also undermined by one’s ability to gamble one’s life by serving in the military, and to gamble the future of the country by voting for the president and other elected officials. People gamble...
What is most striking is that Wilson's stubborn resistance uses the court's ruling as a pretext for a radical stance which is not required by the decision itself: the narrowly tailored verdict requires only that a parimutuel betting system like the one at the Golden State's racetracks be used at Native American casinos, not that all gaming be put to an abrupt stop. So as long as tribes devise a system which pits competitors against each other rather than against "the house," their activities would conform to the court's ruling...
...five broke even after taxes. Says Analyst Fierro: "The bottom of the market collapsed in November; the middle is experiencing some softening. If you don't like horses, don't come in." For those who love the smell of the liniment and the roar of the parimutuel, however, there is no investment that can match the thrill. Consider the dreary alternative: no one ever got to kiss a Krugerrand in the winner's circle...
Voters generally were in no mood to bet on gambling. New Jersey refused to permit wagering on jai alai. Virginia nixed parimutuel betting on horse races, and Florida balked at allowing casinos along Miami Beach. More permissive was California's attitude toward smoking. Partly swayed by a campaign of $5.3 million by tobacco companies. Californians solidly rejected Proposition 5, which would have banned smoking in most public places. In Montana the drinking age was raised from 18 to 19, and in Michigan it jumped from...
...measure is opposed by Governor Reubin Askew, clergymen, parimutuel operators-and many of the state's leading newspapers. But instead of merely editorializing against the threat of corruption and organized crime, the papers have become major contributors of money to the antigambling efforts. Their role raises thorny questions of ethics and propriety...