Fixed-odds betting on U.S. horse races could be a major business for sports-betting sites, provided the racing industry can work with regulators and other racing constituencies to smooth the way for its launch, racing and sports-betting officials said on Wednesday at a panel at the Racing and Gaming Conference in Saratoga Springs [New York].

Fixed-odds betting in the U.S. has long been a fever dream for some in the racing industry, but so far only one track, Monmouth Park in New Jersey, has launched a fixed-odds operation since the Supreme Court in 2018 lifted prohibitions on the approval of sports betting by states.