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Comparing the take on sports wagering and horse racing is like comparing a '56 Ford pickup and the space shuttle. When the casinos must build the stadiums, set up the leagues, pay the athletes, rely heavily on the gambler to pay for a big chunk of it, and then administer the entire thing, and still offer 110/100, now we can talk apples to apples.
If the casinos had to run the NFL in the same manner track owners have to run horse racing, there'd be a bank of 500 slot machines at the entrance to Levi Stadium to help make the money to pay Jimmy Garrapollo for the next 5 years.
As for Betfair, if all horse racing action went through them, the horse racing industry would be dead in 2 weeks. The leaches in horse racing don't add a thing to the survival of the game.
I'm not giving the powers that be a pass, just saying that they are in a different situation than just about any other form of gambling.
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