For the second time in two years, a powerful member of the New York legislature has introduced a bill that would allow online gambling operations in the state to offer fixed-odds bets on racing. Sen. Joseph Addabbo, a Queens Democrat who is the chairman of the Racing, Gaming, and Wagering Committee, recently introduced the bill to the state Senate. The bill also would allow for self-service betting kiosks to be placed at a number of locations in the state, including stadiums and auto-racing tracks. The New York Racing Association, which runs racing at New York’s three most prominent racetracks, has supported efforts to allow for fixed-odds betting on racing in the past. Currently, the only legal form of betting on horse racing in New York is parimutuel wagering, in which odds are set by the distribution of bets within a pool. Fixed-odds wagering allows a bettor to lock in a price on a result. On Thursday, a NYRA spokesman, Patrick McKenna, said that the legalization of fixed-odds betting “presents an enormous opportunity for horse racing to share in the rapid growth and unrivaled success of New York State’s mobile sports wagering marketplace.” :: DRF Bets players have exclusive access to FREE DRF Past Performances - Classic or Formulator! Join today.  Fixed-odds betting on racing is currently legal in New Jersey, but the practice has yet to generate sizable returns for the racing industry there, in part due to the limited amount of product that is currently being offered and the restriction to state residents. New York Racing Association officials have conducted talks over the past several months with Monmouth’s fixed-odds partner, BetMakers, about allowing fixed-odds betting on NYRA’s races in the state. The New York bill would allow NYRA itself to offer fixed odds on its races, at least to New York residents, through its NYRABets mobile-betting platform. Other sports betting operations also would be allowed to offer the wagers through content agreements reached with NYRA. “Allowing mobile sports wagering platforms to offer premium horse racing content would generate untapped gaming revenue for New York State, attract new fans to horse racing, and deepen the sport’s overall economic impact,” McKenna said. Since finalizing regulations governing sports betting last year, New York has licensed nine sportsbook operators, including BetMGM and Caesars Entertainment. NYRA has partnership agreements with both of those companies for parimutuel wagering on its races. A similar bill introduced last year by Addabbo did not make it to the floor of either chamber of the state legislature.  :: Want to learn more about handicapping and wagering? Check out DRF's Handicapping 101 and Wagering 101 pages.