A01899 Summary:

BILL NO    A01899 

SAME AS    No same as 

SPONSOR    Hooper

COSPNSR    

MLTSPNSR   

Add S1617-b, Tax L; amd SS516 & 503, RWB L

Authorizes the division of the lottery to conduct a pilot program for video
lottery wagering at certain regional off-track betting facilities.
Go to top

A01899 Votes:

There are no votes for this bill in this legislative session.
Go to top

A01899 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A1899
 
SPONSOR: Hooper
  TITLE OF BILL: An act to amend the tax law and the racing, pari-mutu- el wagering and breeding law, in relation to authorizing the division of the lottery to conduct the operation of video lottery wagering at regional off-track betting facilities   PURPOSE: This bill would authorize the Lottery Division to license Nassau Regional Off-Track Betting Corporation as a video lottery vendor for the purpose of developing a video lottery facility at its current tele-theatre facility.   JUSTIFICATION: Privately owned racetracks are authorized by state law to act as video lottery vendors and they generate enormous profit from such activity for their private shareholders. This bill would establish a pilot program at Nassau Regional Off-Track Betting Corporation that would permit the establishment of a video lottery facility at the corpo- ration's tele-theatre. As the off-track betting corporation is a public benefit entity, the profits from the facility operation would flow to local and state government and be dedicated for the support of state education, Nassau Community College, and New York State's important upstate agricultural industry by support of the racing industry.   PRIOR LEGISLATIVE HISTORY: 2011-2012 - A9270 2009-2010 - A9021A   FISCAL IMPLICATIONS: Would increase revenues in support of state education, Meal government, Nassau Community college; the New York State Thoroughbred Breeding Fund, the New York State Agriculture and Horse Breeding Fund, and increase prize purses for Belmont, Aqueduct, Sarato- ga, Finger Lakes, Yonkers, Monticello, and Vernon Racetracks.   EFFECTIVE DATE: Immediately
Go to top
Page display time = 0.0755 sec