horse wagering

10:04am

Fri May 4, 2012
Sports

Why betting on horses is legal, when gambling elsewhere is not

Larry Scott watches the races from the many screens at the off-track betting parlor in Phoenix, N.Y. He says he doesn't have any desire to bet on the horses online and prefers the OTB.
Ryan Delaney WRVO

The rules on legal gambling in New York State can be a little murky.

Casinos on Indian Territory are allowed, but not elsewhere - for now. Gov. Andrew Cuomo has been calling for the legalization of casinos in the rest of the state.

New York also already has what are known as “racinos”: horse racing tracks where there are also video slot machines, along with plenty of betting on the actual horses.

Betting on those same horses online is also allowed. But betting on poker and other card games on the internet is not.

Why?

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2:39pm

Tue May 1, 2012
Politics and Government

Report: NYRA illegally pocketed $8.5 million extra in winnings

The Cuomo administration has accused the New York Racing Authority of taking more than its fair share for more than a year.
wallyg via Flickr

The New York Racing Association (NYRA) is under fire for skimming $8.5 million from bettors.

In a new report, the Cuomo administration says NYRA pocketed a larger-than-allowed "takeout" percentage on "exotic bets" - special wagers on multiple horses or races.

The report alleges that NYRA then tried to cover up the wrongdoing.

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