Marquette Sports Law Review Volume 27 Article 3 Issue 1 Fall Pari-Mutuels: What Do They Mean and What Is at Stake in the 21st Century? Bennett Liebman Follow this and additional works at: http://scholarship.law.marquette.edu/sportslaw Part of the Entertainment, Arts, and Sports Law Commons Repository Citation Bennett Liebman, Pari-Mutuels: What Do They Mean and What Is at Stake in the 21st Century?, 27 Marq. Sports L. Rev. 45 (2016) Available at: http://scholarship.law.marquette.edu/sportslaw/vol27/iss1/3 This Article is brought to you for free and open access by the Journals at Marquette Law Scholarly Commons. For more information, please contact
[email protected]. LIEBMAN 27.1 FINAL (DO NOT DELETE) 12/19/2016 6:14 PM PARI-MUTUELS: WHAT DO THEY MEAN AND WHAT IS AT STAKE IN THE 21ST CENTURY? BENNETT LIEBMAN* I. INTRODUCTION The popularity of horse racing in the United States has been in a freefall for decades.1 What was once clearly the most popular sporting event in the United States in the mid-twentieth century,2 has been facing significant drops in public * Bennett Liebman serves as a Government Lawyer in Residence and an Adjunct Professor of Law at Albany Law School. He previously served as the Deputy Secretary to the New York State Governor for Gaming and Racing and as the Executive Director of the Government Law Center at Albany Law School. 1. See, e.g., Editorial, The Sport of Paupers, TIMES UNION (Sept. 28, 2015), http://www.timesun- ion.com/tuplus-opinion/article/Editorial-The-sport-of-paupers-6535909.php; Liz Mullen, Some Racetrack Marketing Efforts Fly in the Face of Tradition, LOUISVILLE BUS.