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Tioga Downs, Meadowlands reach sports-betting deal with Betfair

By Charles McChesney

Date:

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.

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