NY Bill May Open Door for Online Horse Racing Bets, Betting Kiosks

new york sports betting horse racing

A new bill in New York is proposing to include horse racing as part of online sports betting
The new bill is also proposing to allow select New York affiliates to partner with a qualified sportsbook to house self-service betting kiosks
This bill will be put in front of the state legislature in January 2022

Could wagering on horse racing and betting at self-service kiosks in locations spread across the state be part of New York’s online sports betting platform? It will be if proposed legislation on this matter is passed into law.

Within the next month or two, New York sports betting is expected to launch online. The state already offers legal and regulated sports betting at brick-and-mortar retail locations.

After getting the go-ahead from the New York State Gaming Commission, mobile sports betting will soon be legal. https://t.co/Me8GgnyENH

— 13WHAM (@13WHAM) November 22, 2021

If State Senator Joseph P. Addabbo Jr. has his way, New York will be going the extra mile. He wants the state to offer unique aspects with its online sports betting platform. Addabbo, who is Chairman of the Senate Committee on Racing, Gaming and Wagering, has filed a bill for the state’s upcoming legislative session in January. His bill would bring horse racing into online sportsbook offerings.

Addabbo’s bill also includes a provision that would permit online sports bettors operators such as Caesars Sportsbook New York to partner with select affiliates and install self-service betting kiosks on their premises. These proposed affiliates would include off-track betting corporations, professional sports stadiums and arenas, a franchised corporation, or a licensed race track.

Could Horse Racing Be Included In New York Sports Betting Apps?

Addabbo’s legislation, Senate Bill S7536, is seeking to allow the nine qualified sports betting operators such as WynnBET New York and Bally Bet New York to have the ability to offer fixed odds wagering on horse racing through their mobile apps. For any of the nine licensed New York sports betting operators to provide this service, they will need to partner and enter into an agreement with a horse racing content provider.

BetMGM has already launched a similar program in Ohio. BetMGM Horse Racing allows Ohio horse players to watch and wager on thoroughbred, harness, and quarter horse races from in excess of 200 tracks spanning the globe. BetMGM plans to eventually go nationwide with this program, which can be combined with their mobile sports betting app in states where they already have a sports betting presence.

New York Senator, Joseph Addabbo, Submits Bill To Get Racetracks Involved In Sports Betting – LEAGUE OF JUSTICE https://t.co/aHcF5c4jYH

— Amy Dash (@AmyDashTV) November 22, 2021

A potential stumbling block to this plan could be the fact that New York already has a robust advance deposit wagering (ADW) online horse racing wagering program set up in the state, NYRA Bets. NYRA Bets is America’s leading online betting platform, available nationwide on their app, online, and on-track.  It’s a legal, US-based, regulated, and licensed provider of horse race wagering run by the operators of the state’s three biggest racetracks—Aqueduct, Belmont Park, and Saratoga Race Course.

Certainly, NYRA Bets would be resistant to any setup that might cut into their business. However, it’s not out of the question that they could partner with any of the online sportsbooks. It’s NYRA Bets that is providing their expertise to the BetMGM Horse Racing app.

Will NY Sports Betting Kiosks Come to Fruition?

Of the two proposed measures, this one seems like it would be the easiest to accomplish. It’s unlikely that any of the parties involved in the suggested arrangement would be against the idea.

BREAKING: New York Senator Joseph Addabbo, Jr. introduces bill (https://t.co/AcMigzxSGo) that would allow online sports betting operators to place mobile wagering kiosks at “select affiliate locations,” including pro sports venues, horse racetracks, OTB sites and VLT facilities. pic.twitter.com/jvy2Pbttmm

— Daniel Wallach (@WALLACHLEGAL) November 20, 2021

Sports teams are continually forging partnerships with sports betting companies. Why not take it to the next level and do some profit sharing and direct promotion of the product on site? There’s already a precedent for this. There are sports betting operations set up in stadiums in Arizona, Colorado, and Washington, DC.

Racetracks in New York already offer video lottery terminals. Adding sports betting kiosks to that mix would only serve to give bettors another attraction to bring them inside the doors of the track.

Author: wpadmin

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