2015 New York Laws
PML - Racing, Pari-Mutuel Wagering and Breeding Law
Article 2 - (Racing, Pari-Mutuel Wagering and Breeding Law) THOROUGHBRED RACING AND BREEDING
224 - Penalty for unlawful racing and betting.

  224.  Penalty for unlawful racing and betting. All racing or trials
  of speed between horses or other animals for any bet, stake  or  reward,
  except  such  as  is  allowed  by  this article or by special laws, is a
  public nuisance; and every person acting or aiding therein, or making or
  being interested in such bet, stake or reward is guilty of a misdemeanor
  and upon conviction is punishable by imprisonment in the county jail  or
  penitentiary  for a period of not more than one year; and in addition to
  the penalty prescribed therefor he forfeits to the people of this  state
  all  title  or interest in any animal used with his privity in such race
  or trial of speed, and in any sum of money or other property  betted  or
  staked upon the result thereof.