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AB8510 Text:

                           S T A T E   O F   N E W   Y O R K


                                 I N  A S S E M B L Y

                                   January 17, 2014

       Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
         tee on Racing and Wagering

       AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
         relation to authorizing the payment of rebates on pari-mutuel wagers


    1    Section 1. Section 109-b  of  the  racing,  pari-mutuel  wagering  and
    2  breeding law, as added by chapter 472 of the laws of 2013, is amended to
    3  read as follows:
    4    S  109-b. Rebates. 1. For the purposes of this section, "rebate" shall
    5  mean a portion of pari-mutuel wagers, otherwise payable to  an  [associ-
    6  ation  or  corporation] ENTITY conducting pari-mutuel betting [at a race
    7  meeting on races run thereat, which], THAT is paid to holders  of  pari-
    8  mutuel  wagering  tickets  and [which] THAT reduces the amount otherwise
    9  payable to such [association or corporation.  Such term shall be defined
   10  in rules promulgated by the commission and may include] ENTITY,  INCLUD-
   11  ING, but not [be] limited to, refunds to holders of pari-mutuel wagering
   12  tickets  of  any portion or percentage of the full face value of a pari-
   13  mutuel wager, [increasing the payoff of,] paying a bonus  on  a  winning
   14  pari-mutuel ticket, awards of merchandise, services such as meals, park-
   15  ing,  admission,  seating and programs, free or reduced cost pari-mutuel
   16  wagers [and], monetary awards, or  any  other  benefit  that  the  state
   17  gaming  commission  deems appropriate to reward horse racing patrons for
   18  their [participation] PATRONAGE at race meetings.
   19    2. The state gaming commission, upon application of an [association or
   20  corporation conducting] ENTITY AUTHORIZED TO CONDUCT pari-mutuel betting
   21  [at a race meeting on races run thereat], may  approve  the  payment  of
   22  rebates by such [association or corporation] ENTITY for a rebate program
   23  [for a period of up to one year], subject to the following requirements:
   24    a.  the  applicant  discloses  the extent of the rebate program.  Such
   25  disclosure shall include a listing of the monetary value of all  rebates
   26  paid  to  bettors  during  the previous calendar year, and the terms and
   27  conditions governing the award of rebates to bettors [for  the  calendar
   28  year to which the application applies];

        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
       A. 8510                             2

    1    b.  the  applicant  provides assurances that the values of the rebates
    2  are determined solely by (i) attendance at one or  more  race  meetings,
    3  (ii)  the  amount  wagered  by a bettor, (iii) the amount payable to the
    4  [association or corporation] ENTITY on each wager, or (iv) how frequent-
    5  ly a bettor wagers;
    6    c.  the  [association  or corporation] ENTITY maintains records of all
    7  wagers subject to a rebate, for a period of not less than  three  years;
    8  and
    9    d. the applicant demonstrates that such rebates are in the best inter-
   10  ests of horse racing.
   11    [3.  Regional  off-track  betting  corporations  may  offer rebates on
   12  wagers made on races run by any association or corporation which  offers
   13  rebates  pursuant  to this section. Such rebates shall be subject to the
   14  provisions of subdivisions one and two of this section.
   15    4. Upon the approval of an association or corporation conducting pari-
   16  mutuel betting at a race meeting on races run  thereat,  another  racing
   17  association or corporation may provide bettors with rebates on wagers on
   18  races  run  at  the  racetrack operated by such approving association or
   19  corporation. All such rebates shall be  subject  to  the  provisions  of
   20  subdivisions one and two of this section.]
   21    S  2.  This  act  shall  take  effect on the same date and in the same
   22  manner as chapter 472 of the laws of 2013 takes effect.
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