Bill Text: NY A03565 | 2023-2024 | General Assembly | Introduced

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Bill Title: Mandates a fixed percentage of annual harness horse breeders awards; requires that all sire stakes funds generated by a specific racetrack be returned as purses to such track at the same level in order to allow New York to compete with states that have stronger awards programs.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - referred to racing and wagering [A03565 Detail]

Download: New_York-2023-A03565-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          3565

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 3, 2023
                                       ___________

        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  mandating  a  fixed  percentage  of annual harness horse
          breeders awards and requiring that all sire stakes funds generated  by
          a  specific  racetrack be returned as purses to such track at the same
          level

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

     1    Section  1.  The opening paragraph and paragraph f of subdivision 1 of
     2  section 332 of the racing, pari-mutuel wagering and  breeding  law,  the
     3  opening  paragraph  as  amended  by  chapter 429 of the laws of 2008 and
     4  paragraph f as amended by chapter 56 of the laws of 1991, are amended to
     5  read as follows:
     6    To collect and receive in each calendar year amounts to be paid to the
     7  fund by the persons or  corporations  licensed  to  conduct  pari-mutuel
     8  betting at harness racing tracks, an amount equal to three-fifths of one
     9  per  centum of all moneys deposited in pari-mutuel betting pools result-
    10  ing from on-track bets at all races conducted by licensees at a  harness
    11  horse  meeting or races run thereat except that for super exotic betting
    12  pools such amount shall be three per centum of such bets, as provided by
    13  paragraph c of subdivision one of section three hundred eighteen of this
    14  article and to collect and receive in each calendar year to be  paid  to
    15  the  fund  by each regional corporation, an amount equal to three-fifths
    16  of one per centum of daily pools derived from off-track bets on  harness
    17  races  except  that  for super exotic betting pools such amount shall be
    18  three per centum of such bets as provided by subdivision five of section
    19  five hundred twenty-seven of this chapter; provided however, that  after
    20  April first, nineteen hundred eighty-six, the amount to be collected and
    21  received from such licensees and regional corporations, except for super
    22  exotic  betting  pools,  shall  be  one  per  centum, and to collect and

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04723-01-3
        A. 3565                             2

     1  receive such funds as may otherwise be authorized  by  law.  The  moneys
     2  shall  be deposited forthwith in a bank or banks in this state. The fund
     3  is authorized to dispose of and distribute the  monies  received  by  it
     4  pursuant to the provisions of this chapter for the following purpose and
     5  no others, with the balance distributed to each track made in proportion
     6  to  such  track's contribution from all revenue sources from such track,
     7  made to the fund, bears to the total contributions to the fund from  all
     8  such  tracks.  Each  track  contributing  to the fund shall utilize such
     9  monies paid to it for purses, prizes  and  premiums  for  New  York-bred
    10  harness horses:
    11    f.  An amount as shall be determined by the fund but shall not be less
    12  than seventy-five percent thereof in an  account  designated  "New  York
    13  state breeding farms", and of such amount [not less than ten percent nor
    14  more  than]  twenty  percent  [as determined by the trustees of the fund
    15  may] shall be used exclusively for breeders' awards for  New  York-breds
    16  and awards to owners of eligible stallions.
    17    § 2. This act shall take effect immediately.