Bill
S 8433
Overview: S 8433, Relates to wagers on certain horse racing events and authorizes agreements between a mobile sports wagering operator, mobile sports wagering licensee, or operator
Overview: S 8433, Relates to wagers on certain horse racing events and authorizes agreements between a mobile sports wagering operator, mobile sports wagering licensee, or operator and certain entities, REFERRED TO RULES, Introduced: June 11, 2025
Purpose and Intent: This bill aims to expand the legal framework for mobile sports wagering in New York, specifically related to horse racing events. It seeks to authorize agreements between mobile sports wagering operators, licensees, and certain entities to facilitate these wagers.
Key Provisions:
- Allows mobile sports wagering operators and licensees to enter into agreements with racetracks, off-track betting corporations, and other authorized entities to offer wagers on horse racing events
- Establishes requirements and guidelines for these agreements, including revenue sharing and responsible gaming provisions
- Grants the New York State Gaming Commission regulatory oversight over the mobile sports wagering activities related to horse racing
Affected Parties and Impacts:
- Mobile sports wagering operators and licensees in New York will be able to expand their offerings to include horse racing events
- Racetracks, off-track betting corporations, and other authorized entities can partner with mobile operators to generate additional revenue streams
- Bettors in New York will have increased access and options for wagering on horse racing through mobile platforms
Procedural and Timeline Considerations:
The bill has been referred to the Rules Committee and is currently in the early stages of the legislative process. If passed, the New York State Gaming Commission would be responsible for implementing the necessary regulations and oversight.
Compiled from official sources — confirm details with the bill’s official record.
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