Relates to wagers on certain horse racing events; authorizes agreements between a mobile sports wagering operator, mobile sports wagering licensee, or operator and an entity that possesses a license and that has the authority to conduct pari-mutuel wagering on the form of racing involved in the relevant horse racing event, involving wagers to be made solely by residents of the state of New York while located within New York, and subject to the approval of the commission.

This bill allows mobile sports wagering operators in New York to enter into agreements with licensed entities that conduct pari-mutuel betting on horse racing events. It permits residents of New York to place bets on these horse racing events while they are physically located in the state, but these agreements must be approved by the relevant commission.

Supporters of the bill argue that it will enhance the horse racing industry in New York by expanding betting options and potentially increasing revenue for the state. They believe that allowing mobile wagering will make it more convenient for residents to participate in horse racing betting, thereby boosting interest and participation in the sport.

Critics of the bill may express concerns about the potential for increased gambling addiction and its social implications. They might argue that expanding mobile betting could lead to more vulnerable individuals being tempted to gamble irresponsibly, exacerbating existing issues related to gambling in the state.