ow that these regulations have been approved, the New York Racing Association the operator of the three largest racetracks in New York - Belmont Park, Saratoga and Aqueduct, can launch its online wagering platform powered by Sona Mobile technology.
This approval will allow NYRA to deploy its Internet wagering platform the first of its kind licensed in New York State. Legislation authorizing Internet wagering in NY State went into effect on January 22, 2007.
The New York State Racing and Wagering Board is the regulatory body responsible for oversight of this activity. In this regard the Board issued requirements with respect to reporting, record keeping, operational and application guidelines for racetracks and off-track betting (OTB) corporations that intend to offer wagering using electronic platforms.
Sona Mobile announced a strategic partnership deal with NYRA earlier this year and has been developing a web-based wagering platform, which will allow racing fans to access real-time racetrack information and securely place wagers on all races.