Pari-mutuel betting is the legal foundation of most regulated gambling on horse racing — and in some states, greyhound and jai alai — across the United States. Governed at both the state and track level, these rules determine how wagers are handled, what bets are accepted, and how winnings are paid out. If you're betting at MyWinners or any US-based platform, understanding these basics is key to avoiding surprises at payout time.
Who Regulates Pari-Mutuel Betting in the US?
Who Regulates Pari-Mutuel Betting in the US?
There is no federal regulator for horse race betting in the United States. Instead:
Each state has its own racing commission or gaming authority.
These bodies set the rules for legal wagers, payout structures, and licensing.
Licensed operators like MyWinners.com follow these state-level rules strictly.
Examples include:
New York State Gaming Commission
California Horse Racing Board
Connecticut Department of Consumer Protection
Core Rules Every Bettor Should Know
Core Rules Every Bettor Should Know
Betting closes at post time: Once the race begins, no more wagers can be accepted.
All wagers are pooled: This is true of all pari-mutuel betting systems — you’re betting against the pool, not the house.
Minimum wager amounts apply: Typically $2 per bet, but lower for some exotic wagers online.
Takeout is deducted before payout: Each jurisdiction sets a percentage the operator keeps (usually 15–25%).
Winning tickets expire: Depending on state law, you may only have 30 to 365 days to claim your winnings.
Not All Bets Are Accepted
Not All Bets Are Accepted
Tracks and online platforms may limit or exclude certain bet types based on race size, betting volume, or platform restrictions. For example:
Pick 6 may be disabled for small fields
Superfecta bets might not be offered on short races
Live bets (after post time) are never allowed
💡 Did You Know? While online betting platforms like MyWinners are legal in multiple US states, you must be physically located in a licensed state when placing a bet. Your device may be subject to geolocation verification to confirm this.
Frequently Asked Questions
What are the basic rules for pari-mutuel betting in the US?
What are the basic rules for pari-mutuel betting in the US?
US pari-mutuel betting is regulated state-by-state, requiring all bets to be pooled, placed before post time, and subject to takeout deductions before winnings are distributed.
Who sets the rules for pari-mutuel betting in the US?
Who sets the rules for pari-mutuel betting in the US?
Each state’s gaming or racing commission sets the rules. There is no national betting regulator for horse racing.
Can I bet if I'm outside a legal betting state?
Can I bet if I'm outside a legal betting state?
No. US law requires you to be physically located in a licensed betting state when placing a wager. Platforms verify this using geolocation technology.
Are pari-mutuel betting rules the same in every state?
Are pari-mutuel betting rules the same in every state?
No — rules vary. Some states allow different bet types, tax thresholds, or prize claim windows. Always check the rules specific to your location.
Do online sites like MyWinners follow state regulations?
Do online sites like MyWinners follow state regulations?
Yes. Licensed operators must fully comply with state laws, including licensing, reporting, and responsible gambling mandates.