A bill Assemblyman Vince Mazzeo sponsored to permit casinos to negotiate the price of broadcasting horse races and retain simulcasting at their facilities is now law. The law allows casinos and out-of-state racetracks to negotiate how much casinos pay to simulcast horse races. Under the “Casino Simulcasting Act,” the rate a casino could pay at a fixed percentage of the amount wagered on each race was capped. Without the capacity to pay a higher rate if simulcast fees increased, a casino ran the risk of being shut out of providing the service for its customers, said Mazzeo. The new law paves the way for more casinos to carry simulcasts at their facilities, he said.
