The New York Racing Association announced earlier this week that it will launch a new pick five wager this fall.
The wager, which will be available beginning at the start of the Belmont Park fall meet on Sept. 7, will have a 15 percent takeout, according to the Daily Racing Form. The new wager will have a 50-cent minimum, unlike the pick six which has a $2 minimum bet.
The New York State Gaming Commission gave its conditional approval to the proposed new wager. NYRA must first conduct a ‘tote test' to “ensure that its bet-processing provider could properly handle the bet and its payoffs.”
Read more in the Daily Racing Form
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