Democrats who control the New York State Senate want to allow mobile sports betting companies to offer in-game and season-long “prop” bets, such as bets on sports leagues' most valuable players.
However, such bets on horse racing events or seasons are not permitted under this measure. Horse racing is not part of New York's lucrative mobile sports betting program, primarily because bets are placed based on a pari-mutuel system, as opposed to the fixed odds offered in sports betting.
Allowing certain proposed wagering on horse racing would require “changes or clarifications” to state law, said Joseph, a Queens Democrat who chairs the Senate Horse Racing, Wagering and Gaming Committee and led the effort to include the provision. Senator Addabbo said. Expand sports betting to include prop betting.
The prop bet was included in the Senate's state budget bill released and approved last week, and will be part of negotiations between the Senate and other Democrats who run Albany, the state Legislature and Gov. Kathy Hochul. subject to.
The City of Addabbo has been unable to support plans to allow horse racing betting to be offered on a fixed-odds betting basis as well. The idea first surfaced in late 2021 in legislation written by Addabbo in the Senate and by Rep. Gary Pretrow, a Westchester County Democrat and chairman of the Legislature's Horse Racing and Gambling Committee. If the idea is approved, prop bet betting could theoretically be used in horse racing as well.
Apply blood horse every day
Addabbo said in an interview last week that he still hopes horse racing betting will one day be incorporated directly into the state's mobile sports betting program. Currently, there is a “rift in New York's gaming system” between mobile sports betting and horse racing betting, he said. Mobile sports betting in the state is only allowed on a fixed odds basis.
“We want a more seamless way to bet on horse racing,” Addabbo said of the current system. ” system). Mobile sports or horse racing betting, but betting directly on horse racing with a mobile sports account is prohibited. )
Prop bets are considered particularly lucrative for sports betting companies. The Senate budget bill would legislate the functionality of any proposed wagering within a game or during the season. Addabbo said the plan would expand New York state's approval system for prop-type wagers, which is currently permitted by the State Gaming Commission.
A spokesperson for the New York State Gaming Commission said the agency has approved hundreds of prop events, including a player scoring the first goal in an NHL game. But spokesman Brad Maione said none of the prop bet approvals are vote-based bets, such as awarding a player the Most Valuable Player Award for season play, which is allowed in the Senate budget bill. he pointed out.