Moonee Ponds, Victoria Moonee Ponds, Victoria Moonee Ponds is an inner suburb of Melbourne, Victoria, Australia, 7 km north-west from Melbourne's central business district. Its local government area is the City of Moonee Valley. At the 2011 Census, Moonee Ponds had a population of 13,532. Moonee Ponds is home to Queens Park and the Moonee Valley Racecourse. Moonee Ponds was named by Donald Kennedy after his native valley in Inverness-shire, Scotland. The Clocktower Centre was originally constructed as the Essendon Mechanics' Institute, which was later purchased by the State of Victoria to become the Essendon Town Hall. Today it is primarily used as
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