New York Senator Introduces New York Horse Racing Online Betting Bill

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A senator introduced a bill in New York to allow licensed mobile sports betting to offer fixed odds betting on horse racing in the state. [Image: Shutterstock.com]

Senator tables SB S7536

New York State Senator Joseph P. Addabbo Jr. introduced Bill S7536 in the Senate, which would allow licensed mobile sports betting operators to offer fixed odds bets on horse racing.

billion dollars in tax revenue for New York

Addabbo – who is also chairman of the New York Senate Committee on Racing, Gambling and Betting – introduced the bill on November 19. The legislation says the changes could result in billions of dollars in tax revenue for New York City.

CBS Sports Radio and Fox Sports Radio official legal analyst Amy Dash took to Twitter to share news of the proposal, which also paves the way for betting kiosks in New York sports stadiums:

Addabbo lined up the bill at the starting gate ahead of the state’s next legislative session in January, which dovetails with the planned launch of online betting in New York City in early 2022. The lawmaker noted that the bill law will be a priority action item on its agenda. for the next state budget.

Best product for NY bettors

Talk with Elite Sport NY, Addabbo described mobile betting on horse racing as a “very high priority”. He added: “If someone on one of our apps can bet on the Nets, Knicks, Rangers, whatever team they want, as well as horse racing in Saratoga, it will work. to the New York consumer a better product.

New York Racing Association (NYRA) senior communications director Patrick McKenna agreed with Addabbo that the new bill could generate a lot of money for the state. Via Twitter, McKenna said that online horse betting “would deepen the economic impact of the industry and attract new fans:”

The new bill would allow the nine qualified New York sports betting operators to take fixed odds horse racing bets on their mobile apps and partner with horse racing content providers.

In addition, the bill aims to allow qualified sports betting to associate with “selected affiliates”, referring to off-track betting companies, professional sports stadiums, franchise companies or licensed race tracks. . They could then offer self-service betting terminals on their sites.

Fixed odds bets

If approved, SB S7536 will allow mobile sports betting to offer fixed odds betting on horse racing once they have received authorization from the mutual betting franchises which have “the authority to provide the content of the horse racing event. horses ”.

The NYRA, which operates the aqueduct, Belmont Park and Saratoga Racecourse, supports the legislation. McKenna said the bill represents a “huge opportunity for horse racing to share the benefits of mobile sports betting.”

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