
 The Herd with Colin Cowherd
 The Herd with Colin Cowherd Great Moments In Gambling's History Part III
 May 16, 2025 
 In this lively discussion, Matt Mitchell, a producer at the Action Network, shares captivating tales from gambling's colorful past. Hear how lotteries played a key role in shaping America and the unique figures like George Washington intertwined with these initiatives. The evolution of off-track betting revolutionized horse racing, making gambling more accessible. Dive into Fyodor Dostoevsky's struggles with addiction and how his tumultuous life fueled literary genius. Packed with humor, this conversation covers the intersection of gambling and society's moral dilemmas. 
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Lotteries Built Early America
- Early America financed large public projects by running state authorized lotteries instead of direct taxation.
- Examples include lottery funding for Washington, D.C. construction and Thomas Jefferson's debt relief.
Gambling and American Democracy
- America's puritanical values clash with its gambling obsession, shaping democracy's founding.
- State lotteries were a pragmatic approach to funding before tax reluctance was widespread.
Horse Racing Democratized Betting
- Horse racing's off-track betting (OTB) democratized betting beyond elites.
- British OTBs sparked the creation of the tout, tipping services promising gambling profits.









