New Jersey racing officials expect account-wagering handle to top $35 million this year in its first full year of operation.
- By Tom LaMarra
Alan Landsburg believes account wagering can do a lot of good for California, but only if is it used to introduce a new audience to horse racing. Otherwise, it "will be little more than a pinky in a crumbling dike," the California Horse Racing Board chairman said.
With the California Horse Racing Board giving final approval last Friday to regulations for advance deposit wagering, Youbet.com is gearing up to begin taking wagers in the state once it is legal in January 2002.
The long-winding process of making legal account wagering part of California's horse racing landscape got a quick approval Friday, Nov. 30, from the state Horse Racing Board.
Top officials in Michigan said an investigation has revealed that pari-mutuel wagering companies have illegally accepted wagers from Michigan residents by telephone or through the Internet. The companies have been sent "warning letters," the officials said.
- By Ray Paulick
California Gov. Gray Davis is a pro-labor Democrat who has spoken out in opposition to the expansion of gambling in his state. That's why a bill passed in the waning hours of the 2000 California legislative session poses something of a dilemma to the first-term governor.
Legislation to allow up to 15 off-track betting parlors and telephone account wagering was advanced by a key New Jersey Assembly committee on Monday.
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