Word: mutuel
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...Soak the city of New Orleans, which Earl regards as hostile, by upping taxes on pari-mutuel betting by 30% and slashing the city's share of that revenue. New Orleans has the only flat-racing track in the state...
...governor," wearily explained one onlooking lawmaker, "is at it again." Indeed he was. At the end of an hour of labyrinthine maneuvering on the floor, Earl Long got the bill (to increase taxes on pari-mutuel betting) propped up for reconsideration...
...amend the constitution so that a two-thirds legislative majority is now needed for all tax boosts, hence most of Earl's paralyzing tax increases seem doomed to defeat. But that does not mean that Earl will give up. When, after the hard-won reconsideration, his pari-mutuel tax bill was beaten by one vote, Earl took another tack: he let it be known that he was thinking of letting a Northern syndicate into Louisiana to run competition to New Orleans' Fair Grounds race track...
...chalk players, naturally, had known it all along. As they queued up to cash their mutuel tickets (the favorite paid $5.20 for $2), they talked of another Kentucky tradition: "Never bet against the son of a Derby winner in a Derby." Needles' sire, Ponder, ran off with the Derby in 1949. And just to make the old saw stick, Ponder's sire, Pensive, turned the trick...
Last week, though parsons still thundered, Britons were betting more than ever. Gambling is more at home in Britain than anywhere else in the world. Every Thursday night, some 7,000,000 families gather around domestic hearths for a quiet evening at home, picking entries for the weekend mutuel football (soccer) pools. Half the adult population in the isles bets, and individuals wager an average of 60? a week. Last year the gambling outlay amounted to 81,540,000,000. The favorites: $980 million on horse racing, $336 million on dog racing, and $207 million on football pools...