pari-mutuel

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“
The Senate would allow craps and roulette at tribal Indian casinos, blackjack at South Florida pari-mutuel casinos and bingo-style slot machines at racetracks statewide.

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Definitions (2)

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  1. noun A system of betting on races whereby the winners divide the total amount bet, after deducting management expenses, in proportion to the sums they have wagered individually.
  2. noun A machine that records such bets and computes the payoffs.

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Examples (40)

  • Ohio racetracks, through pari-mutuel handle, support the OSRC budget, breed development programs, harness racing fairs, and PASSPORT, a senior citizens fund. —  Thoroughbred News | BloodHorse.com
  • Zaino noted pari-mutuel horse racing was legalized in Ohio in 1933 to "raise revenue and create jobs during the Depression." —  Thoroughbred News | BloodHorse.com
  • In the report, track owners and auditors portray a track suffering from lower attendance, and reduced pari-mutuel commissions and simulcast revenue. —  JSOnline.com
  • The total pari-mutuel handle, or amount wagered in 2008, was $46 million, down from $54 million in 2007. —  JSOnline.com
  • Thoroughbred Times notes that U.S. pari-mutuel betting peaked in 2003. —  Fool.com: The Motley Fool
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Etymologies (1)

Toggle American Heritage etymologies American Heritage Dictionary (1)

  1. French : pari, wager (from parier, to wager, from Latin pariāre, to settle a debt, from pār, par-, equal; see perə-2 in Indo-European roots) + mutuel, mutual (from Old French; see mutual).
 

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