Before the 1970s, only the state of Nevada allowed off-track betting.[1]Off-track betting in New York was legalized in 1970, after years of unsuccessful attempts. By the 1970s there were 100 betting parlors in New York City,[1] and twice that number by the late 1980s.[2] In New York City, the thought was that legal off-track betting would increase revenue while at the same time decrease illegal gambling activity, but one effect of the legalization was a decrease of revenue at racetracks. The 1978 Interstate Horseracing Act[3] struck a compromise between the interests of horse tracks and owners, the state, and OTB parlors, and stipulated that OTB revenues were to be distributed among the tracks, the horse owners, and the state. Another stipulation was that no OTB parlor was allowed to operate within 60 miles (97 km) of a track.[1]
Revenues at the track indeed lessened, but rather than fight off-track betting, the industry sought to increase its income via new ways of gambling, betting on the OTB potential, and came up with "exotic wagers" such as exacta and trifecta. Thus the industry's revenue increased even as the number of spectators at the track went down.[4]
At legal off-track betting parlors, if bettors win, they have to pay the parlor a surcharge taken directly from the winnings. Bettors in New York can avoid paying the surcharges by placing their bets via an off-track betting corporation's account wagering service or at so-called super branches or teletheatres that charge a daily admission fee. Other jurisdictions such as Pennsylvania do not levy a surcharge on winnings. Most booked bets are now placed with licensed services in the Caribbean and Central America who entice bettors by offering them rebates on their bets.[citation needed]
In December 2010, the New York City OTB closed due to lack of profitability.[5]
Canada
After years of unsuccessful attempts and public anticipation in Canada, off-track betting (OTB) establishments (also known as 'Teletheatres') were finally legalized on the federal level, in Ottawa on June 29, 1989. Since then, the industry has flourished nationwide with hundreds of off-track betting facilities across the country.
This industry is federally regulated by the Canadian Pari-Mutuel Agency (CPMA). The CPMA makes regulations in respect to pari-mutuel betting, and is responsible for ensuring the integrity and fairness of betting systems in Canada. Among the responsibilities of the CPMA include administering drug tests to horses to enforce the anti-drug policies.[6]
Ontario
All off-track betting in Ontario is licensed by the Ontario Racing Commission (ORC) and is responsible for the integrity of the industry in the province. They are also responsible for distributing racing licenses, keeping a horse registry and running a problem gambling group.[7]
To apply for a license the operator would need to purchase a permit from the ORC. If accepted, the site operator receives no profit from the betting exchanges—they make money from the increased traffic of customers and other creative methods. (i.e. cover charge, selling racing programs)[8]
There are approximately 70 off-track betting facilities that have been licensed in Ontario. There are also a number of racetracks located in Ontario.[8]
The Woodbine Entertainment Group is the most prominent organization, that owns a number of racetracks but also owns a number of off-track betting facilities across Canada.
Media related to Off-track betting at Wikimedia Commons
May 13, 2023
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The examples and perspective in this article may not represent a worldwide view of the subject You may improve this article discuss the issue on the talk page or create a new article as appropriate November 2018 Learn how and when to remove this template message Off track betting or OTB in British English off course betting is sanctioned gambling on greyhound racing or horse racing outside a race track Contents 1 U S history 2 Canada 2 1 Ontario 3 See also 4 References 5 External linksU S history EditBefore the 1970s only the state of Nevada allowed off track betting 1 Off track betting in New York was legalized in 1970 after years of unsuccessful attempts By the 1970s there were 100 betting parlors in New York City 1 and twice that number by the late 1980s 2 In New York City the thought was that legal off track betting would increase revenue while at the same time decrease illegal gambling activity but one effect of the legalization was a decrease of revenue at racetracks The 1978 Interstate Horseracing Act 3 struck a compromise between the interests of horse tracks and owners the state and OTB parlors and stipulated that OTB revenues were to be distributed among the tracks the horse owners and the state Another stipulation was that no OTB parlor was allowed to operate within 60 miles 97 km of a track 1 Revenues at the track indeed lessened but rather than fight off track betting the industry sought to increase its income via new ways of gambling betting on the OTB potential and came up with exotic wagers such as exacta and trifecta Thus the industry s revenue increased even as the number of spectators at the track went down 4 At legal off track betting parlors if bettors win they have to pay the parlor a surcharge taken directly from the winnings Bettors in New York can avoid paying the surcharges by placing their bets via an off track betting corporation s account wagering service or at so called super branches or teletheatres that charge a daily admission fee Other jurisdictions such as Pennsylvania do not levy a surcharge on winnings Most booked bets are now placed with licensed services in the Caribbean and Central America who entice bettors by offering them rebates on their bets citation needed In December 2010 the New York City OTB closed due to lack of profitability 5 Canada EditAfter years of unsuccessful attempts and public anticipation in Canada off track betting OTB establishments also known as Teletheatres were finally legalized on the federal level in Ottawa on June 29 1989 Since then the industry has flourished nationwide with hundreds of off track betting facilities across the country This industry is federally regulated by the Canadian Pari Mutuel Agency CPMA The CPMA makes regulations in respect to pari mutuel betting and is responsible for ensuring the integrity and fairness of betting systems in Canada Among the responsibilities of the CPMA include administering drug tests to horses to enforce the anti drug policies 6 Ontario Edit All off track betting in Ontario is licensed by the Ontario Racing Commission ORC and is responsible for the integrity of the industry in the province They are also responsible for distributing racing licenses keeping a horse registry and running a problem gambling group 7 To apply for a license the operator would need to purchase a permit from the ORC If accepted the site operator receives no profit from the betting exchanges they make money from the increased traffic of customers and other creative methods i e cover charge selling racing programs 8 There are approximately 70 off track betting facilities that have been licensed in Ontario There are also a number of racetracks located in Ontario 8 The Woodbine Entertainment Group is the most prominent organization that owns a number of racetracks but also owns a number of off track betting facilities across Canada See also EditTotalisatorReferences Edit a b c Thompson William Norman 2001 Gambling in America an encyclopedia of history issues and society ABC CLIO pp 199 ISBN 978 1 57607 159 5 Munting Roger 1996 An economic and social history of gambling in Britain and the USA Manchester UP p 125 ISBN 978 0 7190 4449 6 Title 15 Chapter 57 Interstate Horseracing Cornell University Law School Retrieved March 7 2010 Reeves Richard Stone Edward L Bowen 2005 Belmont Park A Century of Champions Eclipse Press p 19 ISBN 978 1 58150 122 3 Buettner Russ December 8 2010 New York Betting Parlors Close Doors The New York Times Retrieved October 6 2014 Agriculture and Agri Food Canada Agriculture et Agroalimentaire Canada agriculture canada ca July 31 2015 About the ORC www ontarioracingcommission ca a b Licensing www ontarioracingcommission ca External links Edit Media related to Off track betting at Wikimedia Commons Retrieved from https en wikipedia org w index php title Off track betting amp oldid 1137456833, wikipedia, wiki, book, books, library,
