Racing Victoria Racing Victoria Racing Victoria Limited, as the governing principal racing authority, has responsibilities to develop, encourage, promote and manage the conduct of Thoroughbred horseracing in the State of Victoria, Australia. It assumed this responsibility, from the Victoria Racing Club, on 19 December 2001. It was established with the support of Country Racing Victoria, Melbourne Racing Club, Moonee Valley Racing Club, Victoria Racing Club, other racing industry bodies, and the Victorian State Government. Racing Victoria represents the Victorian Thoroughbred industry in dealings with bodies such as the Australian Racing Board, and is responsible for the marketing of Victorian Thoroughbred racing. The
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