News

News and highlights

COVID-19 Updates

Posted On : 2020-04-06

 

To Our Valued Racing Fans,
The health and safety of our customers and employees is of the utmost priority. In an effort to protect everyone from the threat of the Coronavirus (COVID-19) outbreak, effective Tuesday, March 17 2020, Suffolk Regional OTB has made the decision to temporarily close all of our in-person wagering facilities.
With many of Suffolk County’s citizens practicing social distancing and isolation during the next few weeks, Suffolk OTB is happy to bring our customers the ability to wager from home via our State-of-the-Art Wagering Website, and Touch Tone Telephone Wagering, which will remain open to account holders at
 1-877-TEL-BETT(1-877-835-2388). Click here for info.

Thoroughbred Racing after 7:00pm

Posted On : 2020-04-13

We regret to inform you that, SROTB will no longer accept wagers on thoroughbred racing after 7:00 pm on any day

2019 WINNING TICKETS

Posted On : 2020-03-23

ALL WINNING 2019 TICKETS MUST BE MAILED TO SUFFOLK OTB AT 425 OSER AVE, SUITE 2 HAUPPAUGE NY 11788 AND POST MARKED BY MARCH 31 2020.

WHEN BUSINESS RESUMES:

VOUCHERS WILL BE ISSUED FOR WINNING TICKETS POST MARKED BY MARCH 31 2020 ONLY, 

 

New IRS Regulations

Posted On : 2017-10-02

NEW IRS REGULATIONS

GOOD NEWS FOR BETTORS!

 

 EFFECTIVE OCTOBER 11, 2017 AT SUFFOLK OTB:

IRS rules require winnings of $600 or more to be reported if the winnings are at least 300 times the amount of the wager.  Winnings of $5,000 or more (or $600 if the customer fails to provide a social security or other taxpayer ID number) where the winnings are at least 300 times the amount wagered, are subject to 25% tax withholding.  These thresholds will remain unchanged. 

Under the new regulations, ALL wagers placed on a single wagering pool on a single ticket or wagered from a single wagering account will count towards the “amount of the wager” for the purpose of triggering tax-reporting or automatic withholding requirements.  Previously, only the amount wagered on the actual winning combination was considered to be “the amount of the wager”, no matter how many combinations a player may have wagered in that pool.  

For example, if a player wagers a $1.00 triple wheel and the cost of the wager totals $48.00, under the new regulations the wager would have to pay off at $14,400 or greater to trigger any reporting or withholding requirements ($48 multiplied by 300).  Previously a win of only $600 would be reportable for this same scenario.

Account Wagering Customers:

You are in the best position to benefit from these new regulations, because all wagers on a single pool from a single wagering account will be combined for purposes of determining the amount wagered regardless of when or where the wager was placed.

Branch Customers:

For wagers paid for with cash or a voucher (whether from a teller or a machine), only winning wagers for the same pool and on the same physical ticket will be combined for this purpose.

 

 

2019 YEARLY STATEMENTS

Posted On : 2020-01-15

2019 ACCOUNT WAGERING STATEMENTS ARE AVAILABLE NOW - CALL (631)853-1000 EXTN 3524