New York City Off Track Betting Corp

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NYCOTB Prospects Grow Dimmer

NYCOTB Prospects Grow Dimmer

New York City Off-Track Betting Corp. is just days away from 'a point of no return,' as officials watch bettors withdraw their final ADW funds and the OTB prepares to make a last revenue-sharing payoff to racetracks.

NYCOTB Takeover Plan Appears Likely

NYCOTB Takeover Plan Appears Likely

Negotiators in New York the afternoon of June 13 were putting the final touches on legislation in which the state would take control of the New York City Off-Track Betting Corp., thereby averting a shutdown of the city's betting operations for the weekend.

New York Horsemen Oppose OTB Proposal

New York Horsemen Oppose OTB Proposal

The New York Thoroughbred Horsemen's Association said June 4 it recognizes the contribution made to purses by New York City Off-Track Betting Corp. but won't support a proposal that would reduce the amount NYCOTB pays to purses and the New York Racing Association.

Compromise Urged on New York City OTB

Compromise Urged on New York City OTB

With the clock ticking on the closure of the New York City Off-Track Betting Corp., officials from the Bloomberg administration are stepping up their calls for industry stakeholders to compromise on a bill or face the loss of more than $100 million in OTB distributions.

New York Governor Vetoes Rebate Legislation

New York Governor Vetoes Rebate Legislation

New York Gov. Eliot Spitzer has vetoed legislation advocates said would have made it easier for tracks and off-track betting corporations to begin bettor rebate programs as a way to compete with off-shore entities and others in the pari-mutuel wagering industry.

Non-Carryover Pick Six Takeout Drops; OTB Balks

As some lawmakers and off-track betting corporations push for an increase in pari-mutuel takeout, New York regulators March 30 agreed to lower the takeout on certain pick six wagers at New York Racing Association tracks.

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