In addition, a surcharge of 5 or 6 percent is deducted from most payouts to winning OTB bettors. The remaining amount, known as the 'takeout', is retained by the OTB operator. Out of each wager placed through OTB, approximately 77 percent goes into the parimutuel pools for distribution to winning bettors. In addition to New York City, thirteen other counties ( Allegany, Delaware, Hamilton, Jefferson, Lewis, Onondaga, Ontario, Otsego, Saratoga, Schoharie, Tompkins, Westchester, and Yates) do not have any OTB parlors.Įach of the OTB corporations accepts wagers at a number of full-service branch locations, at self-service terminals located in restaurants and bars, and by telephone and Internet.
Each corporation is a public benefit corporation, run by a board of directors who are appointed by the governments of the participating counties and cities.
A sixth OTB corporation, serving New York City, closed down in 2010. Off-track betting is offered by five regional corporations. They accepted a total of $558 million of bets in 2016. As of 2014, the five operators had a total of 89 betting parlors and 5 tele-theaters around the state. state of New York, off-track betting on horse racing is offered by five regional, government-owned corporations. Aspect of horse race betting Map of the counties and cities that participate in each of the regional OTB corporations
