Mandates a fixed percentage of annual harness horse breeders awards; requires that all sire stakes funds generated by a specific racetrack be returned as purses to such track at the same level in order to allow New York to compete with states that have stronger awards programs.
STATE OF NEW YORK
________________________________________________________________________
10023
IN ASSEMBLY
April 29, 2022
___________
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 mandating a fixed percentage of annual harness horse
breeders awards and requiring that all sire stakes funds generated by
a specific racetrack be returned as purses to such track at the same
level
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The opening paragraph and paragraph f of subdivision 1 of
2 section 332 of the racing, pari-mutuel wagering and breeding law, the
3 opening paragraph as amended by chapter 429 of the laws of 2008 and
4 paragraph f as amended by chapter 56 of the laws of 1991, are amended to
5 read as follows:
6 To collect and receive in each calendar year amounts to be paid to the
7 fund by the persons or corporations licensed to conduct pari-mutuel
8 betting at harness racing tracks, an amount equal to three-fifths of one
9 per centum of all moneys deposited in pari-mutuel betting pools result-
10 ing from on-track bets at all races conducted by licensees at a harness
11 horse meeting or races run thereat except that for super exotic betting
12 pools such amount shall be three per centum of such bets, as provided by
13 paragraph c of subdivision one of section three hundred eighteen of this
14 article and to collect and receive in each calendar year to be paid to
15 the fund by each regional corporation, an amount equal to three-fifths
16 of one per centum of daily pools derived from off-track bets on harness
17 races except that for super exotic betting pools such amount shall be
18 three per centum of such bets as provided by subdivision five of section
19 five hundred twenty-seven of this chapter; provided however, that after
20 April first, nineteen hundred eighty-six, the amount to be collected and
21 received from such licensees and regional corporations, except for super
22 exotic betting pools, shall be one per centum, and to collect and
23 receive such funds as may otherwise be authorized by law. The moneys
24 shall be deposited forthwith in a bank or banks in this state. The fund
25 is authorized to dispose of and distribute the monies received by it
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15438-01-2
A. 10023 2
1 pursuant to the provisions of this chapter for the following purpose and
2 no others, with the balance distributed to each track made in proportion
3 to such track's contribution from all revenue sources from such track,
4 made to the fund, bears to the total contributions to the fund from all
5 such tracks. Each track contributing to the fund shall utilize such
6 monies paid to it for purses, prizes and premiums for New York-bred
7 harness horses:
8 f. An amount as shall be determined by the fund but shall not be less
9 than seventy-five percent thereof in an account designated "New York
10 state breeding farms", and of such amount [not less than ten percent nor
11 more than] twenty percent [as determined by the trustees of the fund
12 may] shall be used exclusively for breeders' awards for New York-breds
13 and awards to owners of eligible stallions.
14 § 2. This act shall take effect immediately.
