NYRA Bets Approved as Michigan Horse Betting Operator
Paris NYRA is now the fourth licensed online horse betting operator in Michigan, the Michigan Games Control Board announced Monday.
The subsidiary of the New York Racing Association joins TVG, Churchill Downs and Xpress bet as options for the Michiganders to make advance bets on pari-mutuel horse races around the world.
“Michigan horse racing fans now have another option to use mobile betting to place bets from anywhere in the state on horse racing,” MGCB executive director Henri williams said in a statement announcing the provisional license.
NYRA Bets operates Belmont Park, headquarters of Belmont Stakes
NYRA Bets operates the three largest thoroughbred horse racing tracks in New York State: Aqueduct circuit, Belmont Park and Saratoga Racecourse.
Belmont Park is home to one of the Triple Crown racing horse races, the Belmont issues. Another Michigan betting brand, Churchill Downs, operates the Kentucky Derby.
The third Triple Crown race is the Precariousness issues To Pimlico Race in Baltimore.
Michigan has a long history with horse betting
Pari-mutuel horse racing has been active in Michigan since 1933. However, several horse racing tracks have been closed statewide for several decades. The only one still active is Northville Downs in the Detroit subway.
To boost the sport and associated farming interests, mobile horse racing betting was added to Michigan’s betting menu as part of a series of new Michigan gambling laws approved in December 2019 by Governor Gretchen Whitmer. There Michigan Horse Racing Act 1995 was amended to allow a race meeting licensee to use contracted third party companies to facilitate betting on live and simulcast races across the world.
A bettor creates an account with the third party facilitator. Then they can use a mobile device or a computer to place bets on pari-mutuel races using the money on deposit.
The MGCB approved mobile betting on horse racing in June 2020 when TVG was approved. Churchill Downs followed in September 2020 and Xpress Bet was approved in March 2021. In 2020 Michiganders bet $ 35.8 million online about horse racing. These bets have gone up $ 839,123 in state tax money.
For context, the Detroit casinos have taken $ 130.8 million in sports betting in 2020 after its launch in March in the three gambling halls in the city center. Sports betting in Detroit has increased $ 690,865 in taxes for the State and $ 844,391 for the city of Detroit.
The NYRA Bets license is valid in Michigan until December 31, 2022, unless the operator fails to maintain their contract or other regulatory changes occur.