Quote:
Originally Posted by PaceAdvantage
No way is betting going to be cashless...
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Agreed.
However, eventually this may change.
When that happens, most everything changes in the sport.
I hope I never see that day.
The reason it is possible is based on FINCENS/IRS compliance in casinos.
This has expanded just about every year in the last thirty.
2001 and 9/11 kickstarted much of it, which was understandable.
Yet, since then, it has been amped up with regularity.
When large money goes down in cash, source of funds is scrutinized.
Trouble is, the threshold for "large money" has not kept pace with inflation.
I've been out of touch with race and sports wagering for some time.
I know enough to know that they must be under the microscope.
Bad news for the sport of horse racing.