Should Horse Racing Executives Be Forbidden From Betting On Their Own Product?

Earlier this month, the new board of the New York Racing Association held its first meeting. Last spring, NYRA’s president and CEO was removed following the discovery that the Association was charging a higher takeout on the public’s wagers than was allowed by law, and two weeks later, Governor Cuomo announced that he was reconstituting the Association’s board, cutting its members and increasing the number of his own and the legislature’s appointees.