High Quality Content by WIKIPEDIA articles! Off-track betting (or OTB; in British English, off-course betting) refers to sanctioned gambling on horse racing outside a race track. Before the 1970s, only the state of Nevada allowed for off-track betting. It became allowed in New York City in 1970, after years of unsuccessful attempts by the city to legalize it. Their success was such that by the 1970s there were a hundred betting parlors in New York City, and twice that number by the late 1980s....
High Quality Content by WIKIPEDIA articles! Off-track betting (or OTB; in British English, off-course betting) refers to sanctioned gambling on horse racing outside a race track. Before the 1970s, only the state of Nevada allowed for off-track betting. It became allowed in New York City in 1970, after years of unsuccessful attempts by the city to legalize it. Their success was such that by the 1970s there were a hundred 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 decreasing illegal gambling activity, but one effect of the legalization was the decrease of revenue at the race tracks. The 1978 Interstate Horseracing Act 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 of a track.
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