Bill Text: NY S02415 | 2013-2014 | General Assembly | Introduced
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) 2013-01-17 - REFERRED TO RACING, GAMING AND WAGERING [S02415 Detail]
Download: New_York-2013-S02415-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
2415
2013-2014 Regular Sessions
I N S E N A T E
January 17, 2013
___________
Introduced by Sen. ADAMS -- 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 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 18 of the laws of 2008,
3 is amended to read as follows:
4 2. [a. Maintenance of effort. Any off-track betting corporation which
5 engages in accepting wagers on the simulcasts of thoroughbred races from
6 out-of-state or out-of-country as permitted under subdivision one of
7 this section shall submit to the board, for its approval, a schedule of
8 payments to be made in any year or portion thereof, that such off-track
9 corporation engages in nighttime thoroughbred simulcasting. In order to
10 be approved by the board, the payment schedule shall be identical to the
11 actual payments and distributions of such payments to tracks and purses
12 made by such off-track corporation pursuant to the provisions of section
13 one thousand fifteen of this article during the year two thousand two,
14 as derived from out-of-state harness races displayed after 6:00 P.M. If
15 approved by the board, such scheduled payments shall be made from reven-
16 ues derived from any simulcasting conducted pursuant to this section and
17 section one thousand fifteen of this article.
18 b. Additional payments] PAYMENTS. During each calendar year, to the
19 extent, and at such time in the event, that aggregate statewide wagering
20 handle after 7Labor P.M. on out-of-state and out-of-country thoroughbred
21 races exceeds one hundred million dollars, each off-track betting corpo-
22 ration conducting such simulcasting shall pay to its regional harness
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05570-01-3
S. 2415 2
1 track or tracks, an amount equal to [two percent] THE FOLLOWING PERCENT-
2 AGE of its proportionate share of such excess handle: FOR CALENDAR
3 YEARS THROUGH TWO THOUSAND THIRTEEN, TWO PERCENT; FOR CALENDAR YEAR TWO
4 THOUSAND FOURTEEN, ONE AND ONE-HALF PERCENT; FOR CALENDAR YEAR TWO THOU-
5 SAND FIFTEEN, ONE PERCENT; AND FOR CALENDAR YEAR TWO THOUSAND SIXTEEN,
6 ONE-HALF OF ONE PERCENT. THERE SHALL BE NO FURTHER ADDITIONAL PAYMENT
7 OBLIGATION PURSUANT TO THIS SUBDIVISION FOR CALENDAR YEARS COMMENCING ON
8 OR AFTER JANUARY FIRST, TWO THOUSAND SEVENTEEN. In any region where
9 there are two or more regional harness tracks, such [two percent]
10 PAYMENT AMOUNT shall be divided between or among the tracks in a propor-
11 tion equal to the proportion of handle on live harness races conducted
12 at such tracks during the preceding calendar year. Fifty percent of the
13 sum received by each track pursuant to this [paragraph] SUBDIVISION
14 shall be used exclusively for increasing purses, stakes and prizes at
15 that regional harness track.
16 S 2. This act shall take effect immediately.
