NYRA lowers takeout of new 'Triple Play' wager to 19%

The New York Racing Association Thursday announced the NYRA Triple Play, a new Pick 3 wager to be made available exclusively to retail customers on Sundays during the upcoming spring/summer meet at Belmont Park, will be offered with a takeout rate of 19 percent.

The NYRA Triple Play was initially announced with a 24 percent takeout, which aligns with the rate of the traditional Pick 3 and similar multi-race wagers throughout the sport. Takeout for the NYRA Triple Play has been reduced to 19 percent in furtherance of a pilot program designed to explore new additions to the NYRA wagering menu.

Featuring a $3 bet minimum, the NYRA Triple Play will cover the final three races of Sunday cards throughout the 44-day spring summer meet. Each NYRA Triple Play will feature a mandatory payout of the net pool. Wagering on the NYRA Triple Play will be available on ADW platforms and at simulcast facilities across the country.

The NYRA Triple Play will launch on May 1, the first Sunday of the spring/summer meet, which will offer 59 stakes races worth $16.95 million in total purse money.