[citation needed] In December 2010, the New York City OTB closed due to lack of profitability.
[5] After years of unsuccessful attempts and public anticipation in Canada, off-track betting (OTB) establishments (also known as 'Teletheatres') were finally legalized on the federal level, in Ottawa on June 29, 1989.
They are also responsible for distributing racing licenses, keeping a horse registry and running a problem gambling group.
If accepted, the site operator receives no profit from the betting exchanges—they make money from the increased traffic of customers and other creative methods.
(i.e. cover charge, selling racing programs)[9] There are approximately 70 off-track betting facilities that have been licensed in Ontario.