|A leading American digital cable network specialising in horseracing, TVG, has announced that it is to launch an online betting site for residents of New York to bet on horse racing in the state.|
The California company gained approval from the New York State Racing and Wagering Board late last week to offer registered residents betting on horseracing at tracks including Yonkers and Colonial Downs in addition to Meadowlands in nearby New Jersey.
“We are thrilled to work with Yonkers to deliver premium account wagering services to New Yorkers,” said David Nathanson, Senior Vice-President and General Manager for TVG.
“New York is the country’s largest parimutuel wagering state and is obviously an important market for horseracing with devoted fans and great local tradition. This service will bring innovative new wagering options to New York customers and deliver significant benefits to industry participants.”
Recent changes to New York law saw the Los Angeles-based company sign an agreement with Yonkers Raceway in June to provide account wagering services to New York residents through a new account wagering system. Subsequently, TVG built, tested and received approval for its online system from the Racing and Wagering Board.
“Now that the new system has been approved by the Racing and Wagering Board, we’re anticipating measurable growth through this new platform, which will benefit both racetracks and horsemen,” said Robert Galterio, General Manager for Yonkers Raceway.
'Changes in New York law enabled racetracks to expand their service offerings to customers through account wagering via the Internet, which is an exciting opportunity.”