Founded in 1975, Capital Off-Track Betting, also known as Capital OTB, is a public benefit corporation. The company operates a system of more than 40 off-track betting parlors and over 30 bet locations that include Columbia, Rensselaer, Greene, Albany, Cortland, Madison, Oneida, Herkimer, Fulton, Montgomery, Washington, Warren, Essex, Clinton, Franklin and St. Lawrence counties in New York. It provides legalized wagering on horse racing and lottery products with all profits distributed to local governments and the racing industry. Capital Off-Track Betting owns and operates a horseracing television station that allows patrons to wager through its telephone account wagering operation and enables customers to wager from anywhere in the world. Additionally, its Tele-Plex Racing Center includes the Tele-Theater Clubhouse, which is a facility featuring fine dining, a theater-sized screen, a multitude of large screens and hundreds of televisions. Capital Off-Track Betting maintains one of its offices in Albany, N.Y.
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