Thanks to the UIGEA, it became patently clear that betting on horse racing on the Internet was NOT illegal.

New York State is about a month away from offering online betting on the ponies, according to the Albany Times Union.

Earlier this year, (Capital OTB President Michael) Connery told the corporation's board of directors he expects Internet betting to increase the handle by $10 million a year. On Friday, he called that figure very conservative.

"No question, it's going to have a major effect on Capital OTB," Connery said. "We now join New York City (OTB) and NYRA on the Internet. Some time ago, we got permission, along with NYRA, to do cash rewards, and we are going to be allowed to do that with the Internet."
It was a necessary step, he said. "We're competing with off-shore gambling. (With the Internet,) we hope to see new customers."