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Off-track betting

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After years of unsuccessful attempts and public anticipation in Canada, off-track betting (OTB) establishments (also known as 'Teletheatres') were finally legalized on the federal level, in Ottawa on June 29, 1989. Since then, the industry has flourished nationwide, with hundreds of off-track betting
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struck a compromise between the interests of horse tracks and owners, the state, and OTB parlors, and stipulated that OTB revenues were to be distributed among the tracks, the horse owners, and the state. Another stipulation was that no OTB parlor was allowed to operate within 60 miles (97 km)
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was legalized in 1970, after years of unsuccessful attempts. By the 1970s there were 100 betting parlors in New York City, and twice that number by the late 1980s. In New York City, the thought was that legal off-track betting would increase revenue while at the same time decrease illegal gambling
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At legal off-track betting parlors, if bettors win, they have to pay the parlor a surcharge taken directly from the winnings. Bettors in New York can avoid paying the surcharges by placing their bets via an off-track betting corporation's account wagering service or at so-called super branches or
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To apply for a license the operator would need to purchase a permit from the ORC. If accepted, the site operator receives no profit from the betting exchanges—they make money from the increased traffic of customers and other creative methods. (i.e. cover charge, selling racing programs)
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features Kramer placing a $ 600 bet, 30-to-1 in a horse race at an Off-track betting parlor, after overhearing two men talking about a winning horse in the Subway. Kramer wins $ 18,000 in cash and is attacked later in the subway for the
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Revenues at the track indeed lessened, but rather than fight off-track betting, the industry sought to increase its income via new ways of gambling, betting on the OTB potential, and came up with "exotic wagers" such as
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and is responsible for the integrity of the industry in the province. They are also responsible for distributing racing licenses, keeping a horse registry and running a problem gambling group.
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is the most prominent organization, that owns a number of racetracks but also owns a number of off-track betting facilities across Canada.
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There are approximately 70 off-track betting facilities that have been licensed in Ontario. There are also a number of
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do not levy a surcharge on winnings. Most booked bets are now placed with licensed services in the
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activity, but one effect of the legalization was a decrease of revenue at racetracks. The 1978
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In December 2010, the New York City OTB closed due to lack of profitability.
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teletheatres that charge a daily admission fee. Other jurisdictions such as
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Gambling in America: an encyclopedia of history, issues, and society
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An economic and social history of gambling in Britain and the USA
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who entice bettors by offering them rebates on their bets.
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Sanctioned gambling on horse racing outside a race track
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Index

worldwide view
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British English
gambling
greyhound racing
horse racing
race track
Nevada
Off-track betting in New York
Interstate Horseracing Act
exacta
trifecta
Pennsylvania
Caribbean
Central America
Canadian Pari-Mutuel Agency
Ontario
Ontario Racing Commission (ORC)
racetracks
Woodbine Entertainment Group
The Subway (Seinfeld)
Seinfeld
Totalisator



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