Horse Racing

Voters to decide on legalized gambling in Park County – Wyoming Business Report

CODY — Park County voters will be asked on this year’s general election ballot if they want to approve a form of legalized gambling in their community.

Pari-mutuel gambling will be put up for consideration on the November ballot, following approval by the Park County commissioners at their meeting last Tuesday.

“I firmly support putting this in front of the voters,” said commissioner Jake Fulkerson.

Pari-mutuel most typically involves gambling on a variety of racing sports, but it is only associated with horse racing in Wyoming. On a local level, pari-mutuel would come in the form of terminals that resemble slot machines and live betting on simulcast horse races.

Pari-mutuel wagering involves bets being placed together in a pool, with the total funds dispersed among the winning bettors who played against each other but not the house. The house pulls a share of the revenue known as takeout before the winnings are dispersed, removing