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Maybe, but sports betting is a loss leader at many casinos. Bookies do well because they shade home teams, don't have to be competitive when it comes to exotic wagering, and because their clientele is often unsophisticated. Casino sports books often show losses in the short and medium terms. I see the point, and if it increased parimutuel handle, that'd be great, but a single bad loss (think 2008 Super Bowl) could wipe out a racetrack- or racetrack company- completely.
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