Sport: New York Race Rulings

At the polls last November, New Yorkers voted to legalize pari-mutuel betting at the State's race tracks. Last week, after months of haggling, the Senate Finance Committee reported out a bill for the operation of pari-mutuels in New York.

Major ingredients:

> A four-man Racing Commission (two Democrats, two Republicans).

> A 10% take from the pari-mutuel gross: 5% for the State, 5% for track owners.

> Minimum race-track admission charge of $1.50.

> Two racing zones: one in & around New York City, the other upstate. In the metropolitan area, there can be no more than six tracks (there are now four); upstate...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!