Wednesday, May 2, 2007

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New York okays Internet horse race betting

By Christopher Hunt

Gambling on the Internet, in some forms, can get you in hot water in New York state. But betting on the ponies online will bring you no beef, as the New York State Racing and Wagering Board has approved the New York Racing Association's (NYRA) application to provide pari-mutuel wagering via the Internet.

What it means: The NYRA - operator of the three largest racetracks in New York: Belmont Park, Saratoga and Aqueduct - can launch its online wagering platform, allowing racing fans to access real-time racetrack information and securely place bets over the Web.

The first of its kind licensed in the state, the platform has been developed and will be managed by Sona Mobile, a leading provider of secure mobile solutions for gaming and entertainment applications.

Last year, more than two million people attended races at NYRA tracks, and New York's thoroughbred racing industry provides about 17,000 jobs and pumps about $1.4 billion into the New York state economy.

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