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Betting on a budget

Updated: December 9, 2008, 5:42 PM ET
By Jeremy Plonk | Special to ESPN.com

Sports and betting both are hurting during this dogged economic recession. And the following headlines can't be good news for an industry like horse racing that marries those two concepts.

The National Football League announced Tuesday that the sporting world's most powerful entity would be making 150 personnel layoffs, roughly 10 percent of its headquarters' staff. That followed roughly 1,000 various NASCAR-connected employees joining the unemployment line in November and a nine-percent ...

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