STATE OF NEW YORK
________________________________________________________________________
8510
IN ASSEMBLY
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
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
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 § 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.
LBD13503-01-4
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 § 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.
