New York State Allows Off-Track Betting
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Government and Politics, Economics, Sports
- Subcategories: Business
- Curriculum: American History 1951-present
- Geographical Location: New York
- Date: 1971
Article abstract: New York State established off-track betting in 1971, arguing that it would raise funds for education.
Summary of Event
During the immediate post-World War II period, horse racing in the United States was a vehicle for gambling and little more. State officials posed few objections, as wagering on thoroughbred racing was a bonanza for those states in which it flourished. Governments came to view racing as a cash cow, to be milked to provide funding for a variety of purposes.
Along with casino gambling in Nevada, betting on horses...
[The entire page is 2423 words long]