Gamble on slots pays off for track

Upgrades come to Gulfstream, but racing is still main attraction The day after the March 31 Florida Derby, a sunny, 82-degree Sunday, Herb Kornspun had his family gathered along the rail for the start of the first race at Gulfstream Park.

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Sun, April 29th, 2007

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Gambling history facts:

  • Video Poker machines were introduced in the 1970s, when an oil embargo had a negative impact on Vegas revenues. The machines were popular enough to spark a recovery in casino business.
  • Riverboat casinos were first legalized in Iowa, then Illinois, followed closely by Missouri, Indiana, Louisiana, and Mississippi.
  • Gambling is Often Legalized to Promote Economic Development of Depressed Areas. That was an important motivation in Las Vegas, Atlantic City, New Jersey, and many of the other locales for casinos.
  • In 1911, the state of California ruled that "draw" poker was a skill, and thus could not be banned under existing anti-gambling laws. However, "Stud" poker was still considered illegal at the time.