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pari mutuel lottery California law requires major payoffs of lottery games to be paid on a pari-mutuel basis, meaning they are determined by sales and the number of  1991 – Licensees conducting live racing were authorized to simulcast and sell pari-mutuel pools on thoroughbred and harness horse and greyhound races held at  Downloadable! This survey discusses the state of the art in research in racetrack and lottery investment markets Market efficiency and the pricing of

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