Bill Text: NY A06124 | 2015-2016 | General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relates to percent of wagers made at off-track betting facilities conducted by in-state thoroughbred racing corporations.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Vetoed) 2016-08-19 - tabled [A06124 Detail]

Download: New_York-2015-A06124-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        6124--A
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                    March 16, 2015
                                      ___________
       Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
         tee on Racing and Wagering  --  committee  discharged,  bill  amended,
         ordered reprinted as amended and recommitted to said committee
       AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
         relation to percent of wagers made  at  off-track  betting  facilities
         conducted  by in-state thoroughbred racing corporations; and repealing
         certain provisions of such law relating thereto
         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    2  wagering and breeding law is REPEALED.
    3    S 2. Clause (E) of subparagraph 5 and clause (G) of subparagraph 6  of
    4  paragraph  b of subdivision 1 of section 1016 of the racing, pari-mutuel
    5  wagering and breeding law, as amended by chapter 18 of the laws of 2008,
    6  are amended to read as follows:
    7    (E) On days when a franchised corporation is  not  conducting  a  race
    8  meeting  and  when  a licensed harness track is neither accepting wagers
    9  nor displaying the signal from an in-state thoroughbred  corporation  or
   10  association or an out-of-state thoroughbred track:
   11    (i)  Such licensed regional harness track shall receive in lieu of any
   12  other payments on wagers placed at off-track betting facilities  outside
   13  the special betting district on races conducted by an in-state thorough-
   14  bred  racing  corporation,  [two  and  eight-tenths] ONE AND FOUR-TENTHS
   15  percent on regular and multiple bets during a regional meeting and  [one
   16  and nine-tenths] NINETY-FIVE HUNDREDTHS percent of such bets if there is
   17  no  regional  meeting  and  [four  and eight-tenths] TWO AND FOUR-TENTHS
   18  percent on exotic bets on days on which there is a regional meeting  and
   19  [three  and  four-tenths]  ONE  AND SEVEN-TENTHS percent of such bets if
   20  there is no regional meeting.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD09871-02-5
       A. 6124--A                          2
    1    (ii) Such licensed regional harness track shall receive [one and  one-
    2  half]  SEVENTY-FIVE  HUNDREDTHS  per  centum on total regional handle on
    3  races conducted at out-of-state or out-of-country thoroughbred tracks.
    4    (iii)  In  those  regions  in  which  there  is more than one licensed
    5  regional harness track, if no track is accepting  wagers  or  displaying
    6  the  live  simulcast  signal  from the out-of-state track, the total sum
    7  shall be divided among the tracks in proportion to the ratio the  wagers
    8  placed on races conducted by each track bears to the corporation's total
    9  in-region  harness handle. If one or more tracks are accepting wagers or
   10  displaying the live simulcast signal, the total amount shall be  divided
   11  among  those  tracks  not  accepting  wagers or displaying the simulcast
   12  signal for an out-of-state track or in-state thoroughbred corporation or
   13  association.
   14    (G) Of the sums retained by a licensed harness facility,  [fifty]  ONE
   15  HUNDRED  percent  shall  be used exclusively for purses awarded in races
   16  conducted by such licensed facility [and  the  remaining  fifty  percent
   17  shall  be  retained  by such licensed facility for its general purposes,
   18  provided, however, that  in  a  harness  special  betting  district  the
   19  portion  of  the sums retained by a licensed harness facility to be used
   20  for purses or the methodology for calculating the amount to be used  for
   21  purses  may  be specified in a written contract between a harness racing
   22  association or corporation and  its  representative  horsemen's  associ-
   23  ation].
   24    S 3. This act shall take effect immediately.