The New York State legislature has unanimously approved a bill that will reduce the takeout on most wagers at Saratoga, Belmont, and Aqueduct to the lowest rates in the country.
The bill, which passed the Senate 40-0 on Tuesday and the Assembly 140-0 on Thursday, is expected to be signed by Gov. George Pataki. The reductions will take effect on July 25, opening day of the Saratoga Race Course meet.