New York Republican Chris Gibson introduced a new bill that would protect thoroughbred horse racing from restricted online gambling. The bill will go before the House of Judiciary Committee for review.
In a statement made on Tuesday Gibson said, "While the [current] rules were designed to crack down on illegal Internet gambling, they have unintentionally created confusion regarding the validity of credit card transactions for legitimate wagers on horse racing that are sanctioned by the federal Interstate Horseracing Act,"
"As a result, several credit card companies have decided not to process any gaming transactions, even legal Internet gaming transactions on horse racing."
With the closing of New York's off track betting last year, the New York Racing Association took to the Internet with live racing simulcasts.
"In upstate New York, we are fortunate to have Saratoga Race Course, the crown jewel of horse racing in the state and the economic engine for our area," Gibson said. "To sustain this much-needed tourism revenue and to protect thousands of jobs, we must ensure that horse wagering remains legal, as intended by federal law."
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