New York S08433 regulates wagers on certain horse racing events, authorizing agreements between mobile sports wagering operators and licensed.

New York S08433 amends the racing, pari-mutuel wagering, and breeding law to allow mobile sports wagering operators to enter into fixed odds sports wagering agreements with licensed entities for horse racing events. These agreements must be approved by the commission and involve wagers made by New York residents within the state. The bill outlines how payments from these agreements should be distributed among the thoroughbred industry, harness racing associations, and funds for enhancing purses and breeding development. The provisions are set to expire on March 31, 2030.

New York S08433 regulates wagers on certain horse racing events, authorizing agreements between mobile sports wagering operators and licensed.

New York S08433 amends the racing, pari-mutuel wagering, and breeding law to allow mobile sports wagering operators to enter into fixed odds sports wagering agreements with licensed entities for horse racing events. These agreements must be approved by the commission and involve wagers made by New York residents within the state. The bill outlines how payments from these agreements should be distributed among the thoroughbred industry, harness racing associations, and funds for enhancing purses and breeding development. The provisions are set to expire on March 31, 2030.