Fixed-odd betting options in horse racing could come to New York residents if a new bill is introduced by NY Senator Joseph Addabbo, Chairman of the Racing, Games and Betting Committee. State Senate, passed.
Senate Bill 2343 is similar to a measure introduced a year ago, also by Senator Addabbo, but never put up for a vote.
Precious: Fixed Odds Bets Can’t Advance in New York
Patrick Cummings, executive director of the Thoroughbred Idea Foundation, said: “Stakeholders in the race are certain that our existing pari-mutuel offerings are inadequate in today’s competitive market.
In a statement from the New York Racing Association, published by Daily Racing Form and other outlets earlier this week, NYRA vice president of communications Pat McKenna said the measure has the support of the NYRA and “offers a tremendous opportunity for fast-paced shared horse racing”. the unparalleled growth and success of New York State’s mobile sports betting market.”
“Allowing mobile sports betting platforms to offer premium equestrian content will generate untapped gaming revenue for New York State, attract new fans to horse racing, and enhance overall economic impact of the sport.”
Last year was the first full season with fixed odds offers for customers watching at Monmouth Park in New Jersey, where the service is managed by the Australian company BetMakers. More widely distributed distribution to New Jersey customers is expected, including fixed-odds ADW betting on Monmouth and live broadcast races in 2023.
This press release has been edited by BloodHorse Staff for content and style.
