Regulator backs change to allow faster horse race payments

In a photo provided by the NYRA, jockey Manny Franco reacts after crossing the finish line with Tiz the Law to win the Travers Stakes horse race at Saratoga, Saturday, Aug. 8, 2020, in Saratoga Springs, N.Y. (Chris Rahayel/NYRA via AP)

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By Richard N. Velotta / Las Vegas Review-Journal

August 12, 2020 - 12:54 pm

Updated August 12, 2020 - 12:59 pm

The state Gaming Control Board has recommended amendments to gaming regulations that would give race and sports books the ability to pay winning wagers faster.

The board unanimously recommended amendments to Regulation 22 on race book and sports pools that would enable sportsbooks to apply for permission to pay winning wagers for horse and other animal races if a race is nationally broadcast and the telecast is shown at the book.

Under current regulations, books must wait until they are notified by licensed disseminators before they are allowed to pay winning wagers.

The amendments will be considered by the Nevada Gaming Commission for final approval at its Aug. 27 meeting. They would take effect upon passage.

The changes are supported by race and sports book operators.

Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. Follow @RickVelotta on Twitter.

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