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Hart–Agnew Law
The Hart–Agnew Law was an anti- gambling bill passed into law by the Legislature of the State of New York on June 11, 1908. It was an amalgam of bills enacted as Chapter 506 and 507 which were sponsored by conservative Assemblyman Merwin K. Hart and Republican Senator George B. Agnew. For more than a decade, moral activists, including the YMCA, had demanded New York enact legislation similar to that passed in 1898 by the state of New Jersey which banned both gambling and horse racing. Newly elected Republican Governor of New York Charles Evans Hughes advocated changes to gambling laws and in January 1908 he recommended the repeal of the Percy–Gray Law of 1895 and its replacement with strict new anti-gambling legislation that would provide substantial fines and a prison term for those convicted of betting. Effect on horse racing Although the Hart–Agnew law was regularly referred to as the anti-racing law, horse racing did continue under the interpretation that oral ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling
Gambling (also known as betting or gaming) is the wagering of something of Value (economics), value ("the stakes") on a Event (probability theory), random event with the intent of winning something else of value, where instances of strategy (game theory), strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
