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Merchant Category Code 7802: Government-Licensed Horse/Dog Racing
The Merchant Category Code 7802 is specifically designated for government-licensed horse and dog racing establishments. This code is used by payment networks to identify and categorize businesses that operate under the jurisdiction of government regulations in the United States. It encompasses various types of racing venues, including tracks and facilities that host events for both horses and dogs. This classification helps in tracking and reporting transactions related to these businesses, ensuring compliance with regulatory requirements and facilitating accurate financial reporting. By using MCC 7802, payment processors can efficiently manage transactions and enforce policies specific to this high-risk industry.