1875. In the United States, various states recognized an opportunity for increased revenues. State governments began regulating horse racing and taxing betting at racetracks in the 19th century (Longrigg).
             The decade of 1901-1910 in the United States saw unparalleled optimism co-existing with bleak despair. Immigrants arrived by the millions, passing through Ellis Island with hearts full of hope but encountering a harsh reality in a strange country. Yet, from a world perspective, America of 1901 must have seemed a thrilling land of promise. Technological advances that would begin to change everything such as flight, motion pictures and the Model T were just around the corner. Hot dogs and hamburgers were delicacies first savored by the masses at the 1904 St. Louis World's Fair. The World Series was inaugurated. The country was at peace.
             The Thoroughbred racing industry appeared outwardly dazzling. Money sprayed with the force of uncorked champagne into bigger purses, higher stud fees, and soaring sales prices. It was hard not to make mone
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