Allows bars and restaurants to organize and manage sports squares pools, provided that they do not take any profit from such pools.

New York Assembly Bill A02260 amends the racing, pari-mutuel wagering and breeding law to allow bars and restaurants to organize and manage sports squares pools. These pools involve customers betting on the outcome of sports events based on a grid system. Bars and restaurants can only participate if they do not profit from the funds and ensure all wagers are paid to the winners. This change takes effect immediately.

Allows bars and restaurants to organize and manage sports squares pools, provided that they do not take any profit from such pools.

New York Assembly Bill A02260 amends the racing, pari-mutuel wagering and breeding law to allow bars and restaurants to organize and manage sports squares pools. These pools involve customers betting on the outcome of sports events based on a grid system. Bars and restaurants can only participate if they do not profit from the funds and ensure all wagers are paid to the winners. This change takes effect immediately.