NYRA and FanDuel Reach Last-Minute Agreement

Multi-Year Agreement

Earlier this month the headlines were made by the news that new contract discussions between NYRA and FanDuel are far from concluding. Disputes resulted in the withdrawal of NYRA Races from all of the operator’s platforms including FanDuel Sportsbook, FanDuel Racing app, and the TVG horse betting app.

However, last week sides announced that a new multi-year agreement has been signed, bringing NYRA Races back into FanDuel’s platforms. The new deal has come in the nick of time for the first race at Saratoga Race Course.

Tony Allevato, NYRA Chief Revenue Officer commented on a new deal, “We are pleased to have reached a resolution that will allow FanDuel/TVG customers across the country to wager on NYRA racing now and moving forward. In accordance with the goals stated at the outset of this process, NYRA will be dedicating significant funding to support New York’s horsemen and strengthen the state’s thoroughbred racing ecosystem.”

Support to NYRA Foundation

The previous contract between FanDuel and NYRA expired on July 1st but its extension proved not to be a formality. The negotiations stalled as NYRA expected increased fees on wagers placed in New York.

“We are happy to have reached a multi-year agreement with the New York Racing Association and to extend our 24-year wagering partnership. We look forward to the Saratoga meet and beyond and to supporting the good work of the NYRA Foundation,” concluded Andrew Moore, General Manager, Racing, FanDuel Group.

As part of the new agreement, FanDuel/TVG will also contribute to the NYRA Foundation’s activities to support the areas of backstretch services, thoroughbred aftercare, and more.