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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                STATE OF NEW YORK
        ________________________________________________________________________
                                         6124--A
                               2015-2016 Regular Sessions
                   IN ASSEMBLY
                                     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     2  wagering and breeding law is REPEALED.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    § 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