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Excerpt from SWOT:

U S Race Track Industry

.... York. Americans appeared to be extremely fond of the sport, but there were no efforts made to organize races until the end of the Civil War. The start of the American Stud Book in 1868 marked the beginning of organized horse racing in the U.S. Taking opportunity of the thriving industry, criminal elements did not hesitate to make their presence felt, bringing corruption into the game. Even with that, matters regulated across the twentieth century, with the formation of the American Jockey Club, the fame experienced by antigambling sentiments, and the removal of corruption from the sport. The game thrived during the first half of the twentieth century, only to experience a rapid decline in reputation consequent to that, with limited successes occurring across the 1970s (winning ponies).
Thoroughbred racing is presently wide spread across the U.S., granting spectators the chance to get actively involved in the competition they are watching through betting on the horses they expect to win. The industry has apparently dropped in the recent decades, buy the profits it generates visibly increased. Historians have not given sufficient attention to horse racing, most probably because they did not understand the complexity of social contest at early