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.
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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
