Maine is one of the few states in the US that has legalized horse betting. The Maine Harness Racing Commission oversees the legal aspects of horse racing, and betting on horses is regulated by the Maine Gambling Control Board. Horse betting is allowed at certain racetracks and off-track betting (OTB) locations. This article will explain the legalities surrounding horse betting in Maine, as well as the types of bets that are allowed.
What Is Horse Betting?
Horse betting is a form of gambling in which bettors wager on the outcome of a horse race. Bettors can place wagers on the horse they think will win the race, or they can select multiple horses to finish in the top three or four positions. Horse betting also involves selecting multiple horses to finish in the exact order. Horse betting is legal in many states, and it is regulated by state racing commissions.
Is Horse Betting Legal in Maine?
Yes, horse betting is legal in Maine. The Maine Harness Racing Commission is responsible for regulating the legal aspects of horse racing and betting in the state. The Maine Gambling Control Board is the agency that oversees the legal aspects of all forms of gambling, including horse betting.
Types of Bets Allowed in Maine
Maine allows a variety of horse betting wagers. These include:
- Straight Bets – Betting on one horse to win, place, or show.
- Exacta Bets – Betting on two horses to finish in the exact order.
- Trifecta Bets – Betting on three horses to finish in the exact order.
- Superfecta Bets – Betting on four horses to finish in the exact order.
Where Can I Bet on Horses in Maine?
Horse betting is allowed at certain racetracks and off-track betting (OTB) locations in Maine. There are six racetracks in Maine that allow horse betting, including Scarborough Downs, Bangor Raceway, and Oxford Downs. There are also several OTB locations where bettors can place wagers on horse races.
Age Requirements for Horse Betting in Maine
In Maine, bettors must be at least 18 years old to place a wager on a horse race. Any person under the age of 18 is prohibited from participating in any form of horse betting.
Taxes on Horse Betting Winnings
Any winnings from horse betting in Maine are subject to taxation. The Maine state government levies a 5 percent tax on all horse betting winnings. This tax is withheld from the bettor’s winnings by the racetrack or OTB location.
Responsible Gambling Practices
Maine encourages its residents to practice responsible gambling when it comes to horse betting. The state offers several resources to help bettors stay in control of their gambling activities. These include the Maine Gambling Helpline, which provides support and information to individuals who are struggling with problem gambling.
Conclusion
Horse betting is legal in Maine, and it is regulated by the Maine Harness Racing Commission and the Maine Gambling Control Board. Betting is allowed at certain racetracks and OTB locations, and bettors must be at least 18 years old to participate. Winnings from horse betting are subject to taxation, and the state encourages its residents to practice responsible gambling.