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How is gambling treated different than any other non pay roll revenue income source. You run into the same problems with any part time business. Basically you have to itemize even you sell Avon on the side if you report your revenue from it.
You can argue to the cows come home on whether gambling income should be tax, but you are not going to get anything resembling a majority of people to agree with you. For the record, it used to be that a major part of the takeout went in state taxes. When I started wager in the 60s, 5% went to state and the track and purses got 8% in Nebraska. 13% total. Now the state gets less than 1% to run the state racing commission. The takeout is now at least 18% depending on the type of wager. You can guess who is getting the extra money now. (clue it is not Fonner Park) Taxes are not what is killing racing.
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Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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