NICHOLS, N.Y. — Tioga Downs is getting ready for the legalization of sports betting in New York state.
The race track and casino has reached an agreement with Betfair US, a subsidiary of one of the world’s largest publicly traded sports betting companies, according to a news release.
Under the agreement, Betfair US will supply sports bettor products to customers at the facility, after legal and regulatory matters are settled.
(Sponsored)
Inflation and Insurance Rates: How to Offset the Impact
Many industries have been hit by inflation where it hurts the most, our pockets. Inflation is raising the price of goods and services including food, housing, transportation, and medical care.
How Do Value Conclusions and Value Calculations Differ?
The value of a business is relevant in a wide variety of legal contexts, including divorces, shareholder disputes, mergers, bankruptcy and tax planning. Nevertheless, not every so-called “valuation” service is
The agreement also covers Meadowlands Racetrack in New Jersey. Jeff Gural is chairman of both Meadowlands and Tioga Downs.
“Sports betting is a great opportunity for Meadowlands and Tioga Downs,” Gural said.
Paddy Power Betfair, with operations around the world, has 5 million active customers and processed more than $15 billion in sports bets last year, according to the release. The company expects to combine with fantasy sports site FanDuel later this year.
A U.S. Supreme Court ruling handed down last month cleared the way for states to legalize sports betting.
Contact McChesney at cmcchesney@cnybj.com
BJNN file photo provided by Tioga Downs
