Fixed-odds Horse Racing in New York? New Bill Proposed

copyright AGameofSkill.comALBANY – The chairman of the state Senate’s Racing, Gaming and Wagering Committee has offered a bill that would allow new online sportsbooks to accept bets on horse races. He is also proposing self-service betting kiosks that could be placed in sports stadiums, auto race tracks that host NASCAR competitions and other similar venues.

“These changes are expected to result in billions of dollars of tax revenue for the State of New York,” the proposed legislation notes.

The proposal would allow fixed-odds bets on horse races, or competitions in which the odds or payout on a given bet is set when the player makes a wager.

That’s different from pari-mutuel betting at a live racetrack where…

More from the Times-Union on potential fixed-odds horse racing in New York