
Courtesy NYRA
FOX Sports, a unit of Fox Corp. and the New York Racing Association, Inc. (NYRA) have developed an expanded partnership agreement that establishes FOX Sports as the official wagering partner of NYRA Bets and the leading media provider for elite thoroughbred racing through the next decade.
The prior FOX Sports/NYRA media rights agreement provided a FOX Sports subsidiary with an option to acquire a 25 percent stake in NYRA Bets LLC. The FOX Sports subsidiary will exercise this option by the summer of 2021, pending final regulatory approval.
The newly announced agreement provides a FOX Sports subsidiary with a future opportunity to increase its equity interest in NYRA Bets.
As an unprecedented year interrupted live sports around the world, horse racing operated safely and continuously.
Under the new deal, FOX Sports expects to air at least 700 hours of coverage each year from Belmont Park and Saratoga Race Course and, outside of prior commitments, gives the network exclusive national broadcast rights at Belmont Park and Saratoga Race Course through 2030. NYRA will serve as the production arm for all horse racing events during the term of the partnership.