When two horses run a dead heat for first place, all prizes to which first and second horses would have been entitled shall be divided equally between them. This rule applies in dividing prizes whatever the number of horses running a dead heat and whatever places for which the dead heat is run. Each horse shall be deemed a winner and liable to penalty for the amount the horse shall receive.
N.Y. Comp. Codes R. & Regs. Tit. 9 § 4037.2