Legislation to bring off-track betting back to New York City was vetoed Dec. 17 by Gov. Andrew Cuomo.
Seeking to make long-stalled legislative gains in the aftermath of the New York City Off-Track Betting Corp.'s shutdown, a number of racing interests are stepping up efforts to create a single, statewide OTB network.
Racing industry groups have begun lining up to oppose a plan to permit the New York City Off Track Betting Corp. to lower its revenue sharing payments to tracks, breeding funds, and other entities.
Catskill Regional Off-Track Betting Corp., located in upstate New York, has become the latest group to drop out of the process to take over the franchise to operate Aqueduct, Belmont Park, and Saratoga
Video lottery terminals would be permitted at off-track betting facilities in New York under a plan being considered by state budget negotiators. The idea is being promoted to deal with another huge, multibillion-dollar budget looming over the next two years and a failure by racetracks to get VLTs up and running quickly enough to send revenue-sharing money to the state.
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