Bill > S08433

This bill modifies New York's racing, pari-mutuel wagering, and breeding law to allow mobile sports wagering operators to accept fixed odds wagers on horse racing events under specific conditions. The bill introduces new definitions, including "horse racing event" and "fixed odds sports wagering agreement," which enable licensed mobile sports wagering operators to make wagers on horse racing events, but only for New York residents located within the state and with the commission's approval. The legislation stipulates that wagers can only be made through agreements with entities licensed to conduct pari-mutuel wagering, with specific rules about how racing content can be offered (thoroughbred races from one type of license, standardbred races from another). The bill also establishes a detailed payment allocation framework, mandating that two-thirds of payments go to the thoroughbred industry and one-third to harness racing associations, with further specifications on how those funds should be distributed to enhance purses and support breeding development funds. The provisions are set to take effect on April 1, 2026, and will automatically expire on March 31, 2029, requiring legislative renewal or modification at that time.

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https://www.nysenate.gov/legislation/bills/2025/S8433