Bill Text: NY A01582 | 2021-2022 | General Assembly | Introduced

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Bill Title: Provides for the amount to be paid by off-track betting corporations to regional harness tracks from out-of-state and out-of-country simulcast revenue.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-01-05 - referred to racing and wagering [A01582 Detail]

Download: New_York-2021-A01582-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          1582

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    January 11, 2021
                                       ___________

        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  payments  by  off track betting corporations to regional
          harness tracks for out-of-state and out-of-country simulcasting reven-
          ue

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Subdivision  2 of section 1017 of the racing, pari-mutuel
     2  wagering and breeding law, as amended by chapter 174 of the laws of 2013
     3  and paragraph a as amended by chapter  243  of  the  laws  of  2020,  is
     4  amended to read as follows:
     5    2.  [a.  Maintenance of effort. Any off-track betting corporation that
     6  engages in accepting wagers on the simulcasts of thoroughbred races from
     7  out-of-state or out-of-country as permitted  under  subdivision  one  of
     8  this  section shall submit to the commission, for its approval, a sched-
     9  ule of payments to be made in any year or  portion  thereof,  that  such
    10  off-track corporation engages in nighttime thoroughbred simulcasting. In
    11  order  to  be  approved by the commission, the payment schedule shall be
    12  identical to the actual payments and distributions of such  payments  to
    13  tracks  and  purses  made  by such off-track corporation pursuant to the
    14  provisions of section one thousand fifteen of this  article  during  the
    15  year  two  thousand  two,  as  derived  from  out-of-state harness races
    16  displayed after 6:00 P.M. If approved by the commission, such  scheduled
    17  payments  shall  be  made  from  revenues  derived from any simulcasting
    18  conducted pursuant to this section and section one thousand  fifteen  of
    19  this article.
    20    b.  Additional  payments.] Payments. During each calendar year, to the
    21  extent, and at such time in the event, that aggregate statewide wagering
    22  handle after 7:30 P.M. on out-of-state and  out-of-country  thoroughbred
    23  races exceeds one hundred million dollars, each off-track betting corpo-

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06492-01-1
        A. 1582                             2

     1  ration  conducting  such  simulcasting shall pay to its regional harness
     2  track or tracks, an amount equal to [two percent] the following percent-
     3  age of its proportionate share of such excess handle: for calendar years
     4  through  two  thousand  twenty-one,  two  percent; for calendar year two
     5  thousand twenty-two, one and one-half percent;  for  calendar  year  two
     6  thousand  twenty-three,  one percent; and for calendar year two thousand
     7  twenty-four, one-half of one percent. There shall be  no  further  addi-
     8  tional  payment  obligation  pursuant  to  this subdivision for calendar
     9  years commencing on or after January first, two thousand twenty-five. In
    10  any region where there are two or more  regional  harness  tracks,  such
    11  [two  percent]  payment  amount  shall  be  divided between or among the
    12  tracks in a proportion equal to the proportion of handle on live harness
    13  races conducted at such tracks during the preceding calendar year. Fifty
    14  percent of the sum received by each track pursuant to  this  [paragraph]
    15  subdivision  shall be used exclusively for increasing purses, stakes and
    16  prizes at that regional harness track. For the  purpose  of  determining
    17  whether  such  aggregate  statewide  handle  exceeds one hundred million
    18  dollars, all wagering on such thoroughbred races  accepted  by  licensed
    19  multi-jurisdictional  account  wagering  providers from customers within
    20  New York state shall be excluded.
    21    § 2. This act shall take effect immediately.