Stupid Horse Racing question

[jay1313]

A few years back the horse racing industry discovered the joys of simulcasting. Now you can sit at Pimlico and bet on races at Santa Anita. Of course technology in the form of video and audio transmission, call cable, TV, internet, what have you, is key in being able to mingle the bets and transmit the races.

This type of thing was going on in the horse racing industry for years anyway (ever see the movie The Sting?).

Bottom line, Horse racing is legal, the industry has a found a successful way to use the internet to promote more gambling (sorry gambling is immoral) wagering on horses to separate you from your money and the government gets its cut.

Therefore it is legal and exempted. The real key, government gets its cut.