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S01975 Summary:

S01975 Actions:

S01975 Committee Votes:

S01975 Floor Votes:

S01975 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          1975
 
                               2019-2020 Regular Sessions
 
                    IN SENATE
 
                                    January 18, 2019
                                       ___________
 
        Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
          printed to be committed to the Committee on Racing, Gaming and  Wager-
          ing
 
        AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
          relation to the disposition of off-track pools

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  The  opening paragraph of subdivision 1 of section 527 of
     2  the racing, pari-mutuel wagering and breeding law, as amended by section
     3  4 of part BB of chapter 60 of the laws of 2016, is amended  to  read  as
     4  follows:
     5    The  disposition  of the retained commission from pools resulting from
     6  regular, multiple or exotic bets, as the case may be, whether placed  on
     7  races  run  within  a  region  or  outside a region, conducted by racing
     8  corporations, harness racing associations or corporations, quarter horse
     9  racing associations or corporations or races run outside the state shall
    10  be governed by the tables in paragraphs a and b of this subdivision. The
    11  rate denominated "state tax" shall represent the rate  of  a  reasonable
    12  tax imposed upon the retained commission for the privilege of conducting
    13  off-track  pari-mutuel  betting, which tax is hereby levied and shall be
    14  payable in the manner set forth in this section. Each off-track  betting
    15  corporation  shall  pay  to  the  gaming commission as a regulatory fee,
    16  which fee is hereby levied, six-tenths of one percent of the total daily
    17  pools of such  corporation.  Each  corporation  shall  also  pay  twenty
    18  percent  of  the  breaks  derived  from  bets on harness races and fifty
    19  percent of the breaks derived from bets on all other races to the  agri-
    20  culture  and  New  York State horse breeding and development fund and to
    21  the thoroughbred breeding  and  development  fund,  the  total  of  such
    22  payments  to  be  apportioned  fifty  percent to each such fund. For the
    23  purposes of this section, the New York city, Suffolk,  Nassau,  and  the
    24  Catskill  regions  shall constitute a single region and any thoroughbred
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06982-01-9
        S. 1975                             2
 
     1  track located within the Capital District region shall be deemed  to  be
     2  within  such  single  region. A "regional meeting" shall refer to either
     3  harness or thoroughbred meetings, or  both,  except  that  a  franchised
     4  corporation  shall  not be a regional track for the purpose of receiving
     5  distributions from bets on thoroughbred races conducted by  a  thorough-
     6  bred  track in the Catskill region conducting a mixed meeting.  With the
     7  exception of a harness racing association or corporation first  licensed
     8  to  conduct pari-mutuel wagering at a track located in Tioga [or], Sara-
     9  toga or Westchester county  after  January  first,  two  thousand  five,
    10  racing  corporations  first licensed to conduct pari-mutuel racing after
    11  January first, nineteen hundred eighty-six or a harness  racing  associ-
    12  ation or corporation first licensed to conduct pari-mutuel wagering at a
    13  track  located in Genesee County after January first, two thousand five,
    14  and quarter horse tracks shall not be "regional  tracks";  if  there  is
    15  more  than  one  harness track within a region, such tracks shall evenly
    16  divide payments made pursuant to the tables in paragraphs  a  and  b  of
    17  this  subdivision  when  neither  track is running. In the event a track
    18  elects to reduce its retained percentage from any or all of its pari-mu-
    19  tuel pools, the payments to the track holding the race and the  regional
    20  track  required  by  paragraphs  a  and  b  of this subdivision shall be
    21  reduced in proportion to such reduction. Nothing in this  section  shall
    22  be  construed  to authorize the conduct of off-track betting contrary to
    23  the provisions of section five hundred twenty-three of this article.
    24    § 2. This act shall take effect immediately.