Horse racing is an important industry throughout much of the world, and gambling has been increasingly relied on to provide financial support for beleaguered state governments. Technology has changed the way track patrons bet, with the vast and increasing majority of total bets being made away...

The mutuel handle, or the total volume of wagering at a racetrack, has important implications for both racetrack and state revenues. This paper studies the factors that determine the dollar volume of wagering. One factor we study is of particular interest because it is both large and new to the...

Horse racing is an important industry throughout much of the world, and gambling has been increasingly relied on to provide financial support for beleaguered state governments. Technology has changed the way track patrons bet, with the vast and increasing majority of total bets being made away...