New York Laws
Article 9 - Miscellaneous
906 - Handicapping Tournaments.

(b) The commission shall approve the rules and the payment of prizes
of a handicapping tournament. No operator of a handicapping tournament
may accept an entry fee for a tournament until the commission has
approved the rules and the payment of prizes of a handicapping
tournament.
(c) The horse races which are the subject of the tournament must be
races on which the operator of the tournament is authorized to conduct
wagering. At least fifty percent of the races which are the subject of
the tournament must be races run in New York state.
3. A handicapping tournament operated in accordance with the
provisions of this section shall be considered a contest of skill and
shall not be considered gambling.

Structure New York Laws