Word: paris
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Dates: during 1960-1969
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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...
...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...
...Virtues & New. As the years passed, Newport-like any limited-industry town-hustled to keep up with the times. Newporters claim that the pari-mutuel machine was developed there. Gamblers from coast to coast discovered that Newport was a place where they could "lay off" their bets (i.e., get well-heeled Newport gamblers who would cover all or parts of bets too big for the ordinary bookie to handle). Some 45 phone lines run into the Tropicana Club, where the layoff headquarters is in Room 315. One bar accepts as much as $75,000 a day in layoff bets alone...