Limits sports wagering in New York to bets on the final outcome, score, or winner of a sporting event.
The bill amends the racing, pari-mutuel wagering, and breeding law to restrict sports wagering to bets on the final outcome, score, or winner of a sporting event. It prohibits proposition bets, which wager on specific events or occurrences within a sporting event. Violators face civil penalties, including fines of up to $100,000 per violation. The intent is to protect the integrity of sports, prevent insider information misuse, and safeguard athletes and coaches from harassment.
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