§ 5-401. Illegal wagers, bets and stakes. All wagers, bets or stakes,\nmade to depend upon any race, or upon any gaming by lot or chance, or\nupon any lot, chance, casualty, or unknown or contingent event whatever,\nshall be unlawful.\n
Illegal wagers, bets and stakes
N.Y. General Obligations Law § 5-401, under Contracts Relating to Wagering; Forfeiture and Recovery of Certain Property.
N.Y. General Obligations Law § 5-401