Horse racing in the United States weeks later at Pimlico Race Course in Baltimore, Maryland; and the Belmont Stakes, held three weeks after the Preakness at Belmont Park on Long Island, form the Triple Crown of Thoroughbred Racing for three-year-olds. They are all held early in the year, throughout May and the beginning of June. The Breeders' Cup event is held in late October or early November at different race tracks every year. It receives less attention than the Triple Crown series from the general public but is of great importance in determining the American Horse of the Year and annual Eclipse Award divisional winners. It
Betting on horse racing in duty and profits tax, an all-time high. Betting on horse racing Betting on horse racing or horse betting commonly occurs at many horse races. Gamblers can stake money on the final placement of the horses taking part in a race. Gambling on horses is, however, prohibited at some racetracks; one such is Springdale Race Course, home of the nationally renowned Toronto-Dominion Bank (TD Bank) Carolina Cup and Colonial Cup Steeplechase in Camden, South Carolina, where, because of a law passed in 1951, betting is illegal. Where gambling is allowed, most tracks offer parimutuel betting where gamblers' money is pooled