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To: ConservativeStatement

The native tribes want to take over the horse racing industry?

Pari-mutual wagers are generally associated with horse racing (and dog tracks I suppose) but there maybe others as well when there are multiple entrants in a contest. The money bet on a race is put into a pool, from which the odds are calculated based on how much is placed on each contestant, with the house taking something like 17% off the top and then paying out to winning tickets according to those odds.


2 posted on 09/19/2023 5:37:58 PM PDT by monkeyshine (live and let live is dead)
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To: monkeyshine

The way I read this is that the tribes have exclusivity to sports betting (football, hockey, etc...) but parimutuel facilities want in. Horse racing is separate.


3 posted on 09/19/2023 5:40:06 PM PDT by ConservativeStatement (Ivan Provorov: hero.)
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