Creates the jockey health insurance reserve fund for the payment of premiums not yet paid; provides for the return of funds if such reserve fund becomes no longer necessary.
STATE OF NEW YORK
________________________________________________________________________
2618--A
Cal. No. 333
2025-2026 Regular Sessions
IN SENATE
January 21, 2025
___________
Introduced by Sens. ADDABBO, MURRAY -- read twice and ordered printed,
and when printed to be committed to the Committee on Racing, Gaming
and Wagering -- reported favorably from said committee, ordered to
first and second report, ordered to a third reading, passed by Senate
and delivered to the Assembly, recalled, vote reconsidered, restored
to third reading, amended and ordered reprinted, retaining its place
in the order of third reading
AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
relation to the creation of the jockey health insurance reserve fund
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 1 of section 221-a of the racing, pari-mutuel
2 wagering and breeding law, as amended by chapter 243 of the laws of
3 2020, is amended to read as follows:
4 1. a. A franchised corporation shall, as a condition of racing, estab-
5 lish a program to administer the purchase of health insurance for eligi-
6 ble jockeys.
7 Such program shall be funded through the deposit of one and one-half
8 percent of the gross purse enhancement amount from video lottery gaming
9 at a thoroughbred track pursuant to paragraph two of subdivision b and
10 paragraph one of subdivision f of section sixteen hundred twelve of the
11 tax law. The franchised corporation shall establish a segregated account
12 for the receipt of these monies and these monies shall remain separate
13 from any other funds. Any corporation or association licensed pursuant
14 to this article shall pay into such account any amount due within ten
15 days of the receipt of revenue pursuant to section sixteen hundred
16 twelve of the tax law.
17 b. Any portion of such funding to the account, outlined in paragraph a
18 of this subdivision, unused during a calendar year, less an amount
19 sufficient to cover anticipated premium liabilities over the next sixty
20 days, shall be either (i) returned on a pro rata basis in accordance
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD06894-03-5
S. 2618--A 2
1 with the amounts originally contributed [and shall] to be used for the
2 purpose of enhancing purses at such tracks, (ii) deposited into the
3 account established in paragraph c of this section, or (iii) distributed
4 via a combination of both purposes outlined in subparagraphs (i) and
5 (ii) of this paragraph. The distribution of such unused funding
6 described in this paragraph shall be determined and agreed upon by the
7 franchised corporation and the jockey's organization that represents at
8 least fifty-one percent of eligible jockeys. Provided, however, if a
9 corporation or association licensed pursuant to this article provides an
10 alternative source of funding for this program, an amount equal to this
11 alternative funding, but not in excess of the amount originally contrib-
12 uted during the year from the gross purse enhancement amount from video
13 lottery gaming attributable to such corporation or association, shall be
14 returned to the corporation or association and used for the purpose of
15 enhancing purses at such track. Provided, further, any such alternative
16 source of funding must be approved by the commission.
17 c. An additional segregated account may be established with such
18 monies as a reserve fund for the payment of premiums not yet paid. The
19 amount paid into such fund during any calendar year, if any, shall be
20 determined upon the agreement between the franchised corporation and the
21 jockey's organization that represents at least fifty-one percent of
22 eligible active jockeys outlined in paragraph b of this subdivision.
23 If, after the establishment of such fund, a determination and agreement
24 is made between the franchised corporation and the jockey's organization
25 that represents at least fifty-one percent of eligible jockeys that such
26 fund is no longer needed, the monies remaining in such fund shall be
27 returned on a pro rata basis in accordance with the amounts originally
28 contributed and shall be used for the purposes of enhancing purses at
29 such tracks.
30 § 2. This act shall take effect immediately.
