Article: Racetracks offer online betting legally.(Knight Ridder Newspapers)

Byline: Don Steinberg

PHILADELPHIA _ Who's your favorite in the Kentucky Derby Saturday afternoon? Have you gone to the Internet to place your bet yet?

Whoa, hold your horses: Maybe you thought Internet gambling was illegal.

It is, pretty much, and Congress is moving to clamp down on it even more _ unless you count betting on horse races as gambling. Betting all you want on the ponies, through a convenient Web site near you, is perfectly legal in Pennsylvania and many other states _ though not New Jersey _ and it will continue to be even if the toughest anti-gambling legislation now in Congress becomes law.

At sites such as youbet.com, ...

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