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A02329 Summary:

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A02329 Floor Votes:

A02329 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         2329--A
                                                                 Cal. No. 11
 
                               2013-2014 Regular Sessions
 
                   IN ASSEMBLY
 
                                    January 14, 2013
                                       ___________
 
        Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
          tee on Racing and Wagering -- passed by Assembly and delivered to  the
          Senate,  recalled  from  the  Senate, vote reconsidered, bill amended,
          ordered reprinted, retaining its place on the special order  of  third

          reading
 
        AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
          relation to authorizing the payment of rebates on pari-mutuel wagers
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  The  racing,  pari-mutuel  wagering  and  breeding law is
     2  amended by adding a new section 109-b to read as follows:
     3    § 109-b. Rebates. 1. For the purposes of this section, "rebate"  shall
     4  mean  a  portion  of pari-mutuel wagers, otherwise payable to an associ-
     5  ation or corporation conducting pari-mutuel betting at a race meeting on
     6  races run thereat, which is paid  to  holders  of  pari-mutuel  wagering
     7  tickets  and  which reduces the amount otherwise payable to such associ-

     8  ation or corporation.  Such term shall be defined in  rules  promulgated
     9  by  the  commission  and  may include, but not be limited to, refunds to
    10  holders of pari-mutuel wagering tickets of any portion or percentage  of
    11  the  full  face  value of a pari-mutuel wager, increasing the payoff of,
    12  paying a bonus on a winning pari-mutuel ticket, awards  of  merchandise,
    13  services  such  as meals, parking, admission, seating and programs, free
    14  or reduced cost pari-mutuel wagers and monetary  awards,  or  any  other
    15  benefit  that  the  state  gaming commission deems appropriate to reward
    16  horse racing patrons for their participation at race meetings.
    17    2. The state gaming commission, upon application of an association  or

    18  corporation  conducting  pari-mutuel  betting at a race meeting on races
    19  run thereat, may approve the payment of rebates by such  association  or
    20  corporation for a rebate program for a period of up to one year, subject
    21  to the following requirements:
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07436-04-3
        A. 2329--A                          2
 
     1    a.  the  applicant  discloses  the extent of the rebate program.  Such
     2  disclosure shall include a listing of the monetary value of all  rebates
     3  paid  to  bettors  during  the previous calendar year, and the terms and

     4  conditions governing the award of rebates to bettors  for  the  calendar
     5  year to which the application applies;
     6    b.  the  applicant  provides assurances that the values of the rebates
     7  are determined solely by (i) attendance at one or  more  race  meetings,
     8  (ii)  the  amount  wagered  by a bettor, (iii) the amount payable to the
     9  association or corporation on each  wager,  or  (iv)  how  frequently  a
    10  bettor wagers;
    11    c.  the  association  or  corporation  maintains records of all wagers
    12  subject to a rebate, for a period of not less than three years; and
    13    d. the applicant demonstrates that such rebates are in the best inter-
    14  ests of horse racing.
    15    3. Regional off-track betting corporations may offer rebates on wagers

    16  made on races run by any association or corporation which offers rebates
    17  pursuant  to  this  section.  Such  rebates  shall  be  subject  to  the
    18  provisions of subdivisions one and two of this section.
    19    4. Upon the approval of an association or corporation conducting pari-
    20  mutuel  betting  at  a race meeting on races run thereat, another racing
    21  association or corporation may provide bettors with rebates on wagers on
    22  races run at the racetrack operated by  such  approving  association  or
    23  corporation.  All  such  rebates  shall  be subject to the provisions of
    24  subdivisions one and two of this section.
    25    § 2. This act shall take effect on the one hundred eightieth day after
    26  it shall have become a law;  provided  that  effective  immediately  any

    27  rules,   regulations   and   applications  necessary  to  implement  the
    28  provisions of this act on  its  effective  date  are  authorized  to  be
    29  completed on or before such date.