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Off-track betting in New York
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Off-track betting in New York
In the U.S. state of New York, off-track betting on horse racing is offered by five regional, government-owned corporations. As of 2014, the five operators had a total of 89 betting parlors and 5 tele-theaters around the state. They accepted a total of $558 million of bets in 2016.
The New York State Legislature enacted its first off-track betting law in 1970, creating the New York City Off-Track Betting Corporation and allowing other municipalities to establish their own OTB operations. The law was meant to curb illegal bookmakers and provide a revenue source for state and local governments. NYC OTB began taking bets in 1971. The City of Schenectady followed in 1972 with its own OTB operation.
The current system of regional OTB corporations was enacted in 1973 and parlors began showing live video feeds of races, referred to as simulcasting, in 1984.
As of 2025, off-track betting is offered by four regional corporations. Each corporation is a public benefit corporation, run by a board of directors who are appointed by the governments of the participating counties and cities. In addition to New York City, the ten counties that were once covered by Catskill OTB, thirteen other counties, Allegany, Delaware, Hamilton, Jefferson, Lewis, Onondaga, Ontario, Otsego, Saratoga, Schoharie, Tompkins, Westchester, and Yates do not have any OTB parlors.
Each of the OTB corporations accepts wagers at a number of full-service branch locations, at self-service terminals located in restaurants and bars, and by telephone and Internet.
Out of each wager placed through OTB, approximately 77 percent goes into the parimutuel pools for distribution to winning bettors. The remaining amount, known as the "takeout", is retained by the OTB operator. In addition, a surcharge of 5 or 6 percent is deducted from most payouts to winning OTB bettors. From these revenues, payments are made to the state, participating counties and cities, racetracks, and funds to support the racing industry. After the OTB's operating expenses are paid, any remaining profits are disbursed to the state and the participating counties and cities.
Capital District Regional Off-Track Betting Corporation covers sixteen counties including the cities of Albany and Schenectady. It has 33 branch locations, including its flagship Clubhouse Race Book in Albany.
Nassau Regional Off-Track Betting Corporation, also known as Nassau Downs, covers Nassau County. It has six branch locations, including Race Palace, its flagship teletheater in Plainview. A 2013 law authorizes the corporation to run a casino with up to 1,000 slot machines; instead of opening a casino in Nassau County, that right was licensed to Aqueduct Racetrack to enable an expansion of its Resorts World casino.
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Off-track betting in New York
In the U.S. state of New York, off-track betting on horse racing is offered by five regional, government-owned corporations. As of 2014, the five operators had a total of 89 betting parlors and 5 tele-theaters around the state. They accepted a total of $558 million of bets in 2016.
The New York State Legislature enacted its first off-track betting law in 1970, creating the New York City Off-Track Betting Corporation and allowing other municipalities to establish their own OTB operations. The law was meant to curb illegal bookmakers and provide a revenue source for state and local governments. NYC OTB began taking bets in 1971. The City of Schenectady followed in 1972 with its own OTB operation.
The current system of regional OTB corporations was enacted in 1973 and parlors began showing live video feeds of races, referred to as simulcasting, in 1984.
As of 2025, off-track betting is offered by four regional corporations. Each corporation is a public benefit corporation, run by a board of directors who are appointed by the governments of the participating counties and cities. In addition to New York City, the ten counties that were once covered by Catskill OTB, thirteen other counties, Allegany, Delaware, Hamilton, Jefferson, Lewis, Onondaga, Ontario, Otsego, Saratoga, Schoharie, Tompkins, Westchester, and Yates do not have any OTB parlors.
Each of the OTB corporations accepts wagers at a number of full-service branch locations, at self-service terminals located in restaurants and bars, and by telephone and Internet.
Out of each wager placed through OTB, approximately 77 percent goes into the parimutuel pools for distribution to winning bettors. The remaining amount, known as the "takeout", is retained by the OTB operator. In addition, a surcharge of 5 or 6 percent is deducted from most payouts to winning OTB bettors. From these revenues, payments are made to the state, participating counties and cities, racetracks, and funds to support the racing industry. After the OTB's operating expenses are paid, any remaining profits are disbursed to the state and the participating counties and cities.
Capital District Regional Off-Track Betting Corporation covers sixteen counties including the cities of Albany and Schenectady. It has 33 branch locations, including its flagship Clubhouse Race Book in Albany.
Nassau Regional Off-Track Betting Corporation, also known as Nassau Downs, covers Nassau County. It has six branch locations, including Race Palace, its flagship teletheater in Plainview. A 2013 law authorizes the corporation to run a casino with up to 1,000 slot machines; instead of opening a casino in Nassau County, that right was licensed to Aqueduct Racetrack to enable an expansion of its Resorts World casino.
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