Addabbo proposing fixed-odds racing kiosks in NY via new bill

NY Aqueduct horse racing sign
Image: Shutterstock

New York state Sen. Joseph Addabbo continues to roll out a range of gambling-related legislation for the 2023 Senate session.

In addition to a bill proposing an increased number of online operators and a reduced overall tax rate as well as a bill to legalize online poker, Addabbo also has a piece of legislation to allow new sports betting kiosks in the state.

Per the bill, S2343, sports betting terminals could offer fixed-odds horse betting at a variety of locations, including:

  • A licensed off-track betting corporation
  • A professional sports stadium or arena
  • Automobile racing facility
  • Other licensed racetracks
  • The video lottery facility operator located at Aqueduct

The law is written such that existing online sports betting operators are not allowed to offer fixed-odds racing via mobile betting apps. This is a proposed solution to offer non-parimutuel wagering through these same operators in partnership with the horse racing groups within the state.

The justification filed with the legislation offered the following:

“This legislation would enable mobile sports wagering providers to offer that opportunity, should they so choose, but only if they enter into an agreement with the horse racing content provider. Additionally, this legislation would create additional opportunities for affiliated organizations to offer opportunities to participate in this gaming activity. These changes are expected to result in billions of dollars of tax revenue for the State of New York.”

The bill currently sits with the Racing, Gaming, and Wagering Committee, which is chaired by Addabbo. The committee will be meeting to review the progress of the first year of regulated sports betting in the state at the end of the month.