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Hearty Gambling Figures

The three horse races of the Triple Crown are an exciting time of year for the horseracing industry. The three events are the three largest and most prestigious horse races in the annual calendar and represent a significant accomplishment for the winning trainer, jockey, and the horse, of course. This is also an exciting time of year for the horseracing enthusiasts and the thousands of land and online casino gamblers heading out to the tracks or following the races on their television. The land and online casino betting venues are reporting some surprisingly strong betting figures these days surrounding these huge races.

Now that the first Preakness has finished and the industry is gearing up for the huge Belmont Stakes, there is still excitement being generated at the betting level. The results out of the online casino betting industry are quite interesting when jux ta posed with what the racetracks report on the situation. Online betting venues are reporting a huge number of bets and reporting that revenue figures are up significantly over even last year. But the racetracks are plodding along and trying to make due with the leftovers from the internet betting industry.

Because the internet gambling and betting industry is not wholly recognized in the US market there are now laws and provisions in place to protect the racetracks from this unfair competition. The racetracks have to pay taxes on their winnings while the internet companies do not face US taxes – this disparity is a result of the UIGEA offshore online casino gambling ban and is a very real issue threatening the longevity of the industry.