N.Y. Approves Internet Horse Race Betting
Published: Tuesday, May 01, 2007 Online-Casinos.com
NEW YORK APPROVES HORSE RACE BETTING OVER THE INTERNET
Working that carve-out.....
The horse racing business enjoys one of the more controversial and notorious legislative carve-outs in the USA, and true to its previous announcements it is now going online following a New York State Racing and Wagering Board approval of an application from the New York Racing Association (NYRA) to provide pari-mutuel wagering via the Internet.
The approval clears the way for NYRA, operator of the three largest racetracks in New York, to launch an online wagering platform powered by Sona Mobile technology (see previous Online-Casinos.com/InfoPowa report).
The Internet wagering platform will be the first of its kind licensed in NY State. Legislation authorising Internet wagering in NY State went into effect on January 22, 2007. The New York State Racing and Wagering Board is the regulatory body responsible for oversight of this activity. In this regard the Board issued requirements with respect to reporting, record keeping, operational and application guidelines for racetracks and off-track betting (OTB) corporations that intend to offer wagering using electronic platforms.
Sona Mobile announced a strategic partnership deal with NYRA earlier this year and has been developing a web-based wagering platform, which will allow racing fans to access real-time racetrack information and securely place wagers on all races.
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