S3823-2011 Actions

• Jan 4, 2012: REFERRED TO RACING, GAMING AND WAGERING
• Mar 7, 2011: REFERRED TO RACING, GAMING AND WAGERING

S3823-2011 Memo

BILL NUMBER:S3823

TITLE OF BILL:
An act
to amend the racing, pari-mutuel wagering and breeding law, in relation
to the disposition of off-track pools

PURPOSE:
This bill would enact into law recommendation number ten from the Task
Force on the Future of Off-Track Betting In New York State.
Specifically, the bill would amend RWL �527(5)(a) to eliminate the
payment of one half of one percent of regular and multiple bets to
tracks that have had video gaming operations for 24 months or more
for capital improvements.

SUMMARY OF PROVISIONS:
Section 1 - Amends subdivision 5(a) of �527 of the RWL by eliminating
the payment of one half of one percent of regular and multiple bets
to tracks that have had video gaming operations for 24 months or more
for capital improvements.

Section 2 - This act shall take effect immediately.

EXISTING LAW:
This section of the racing law requires one half of one percent of
regular and multiple bets to be paid to tracks that have had video
gaming operations for 24 months or more for capital improvements.

JUSTIFICATION:
In 2007 the OTBs distributed approximately $353,000 to the harness
tracks and $193,000 to Finger Lakes that was restricted to be used
for capital improvements at the respective tracks. With the
authorization of video gaming at all of these tracks now and an
additional capital allowance provided under the tax law these
payments are no longer needed. Additionally, the vendor fees,
marketing allowances and capital improvement percentages have been
increased over the last several years as they relate to racinos and
as such these payments are superfluous.

LEGISLATIVE HISTORY:
S.6896
02/23/10 REFERRED TO RACING, GAMING AND WAGERING

FISCAL IMPLICATIONS:
None to the state.

LOCAL FISCAL IMPLICATIONS:
This bill will save regional off-track betting corporations money that
they would otherwise be obligated to pay to regional harness tracks.
The funds can then be passed down to municipalities within each
regional OTBs zone.

EFFECTIVE DATE:
This act shall take effect immediately.

S3823-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         3823
 2011-2012 Regular Sessions
 I N  SENATE
 March 7, 2011
 
 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 the disposition of off-track pools
 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM
 BLY, DO ENACT AS FOLLOWS:

 

Section  1.  Subdivision 5-a of section 527 of the racing, pari-mutuel
 wagering and breeding law, as amended by chapter 18 of the laws of 2008,
 is amended to read as follows:

 5-a. Notwithstanding any other provision of  law,  a  regional  corpo
 ration shall retain, in addition to those amounts described in the open
 ing  paragraph  of this section, from regular and multiple bets on races
 run at tracks electing to withhold pursuant to section two hundred thir
 ty-seven or section three hundred nineteen of this  chapter,  an  amount
 equal  to  one per centum of pools resulting from total wagering at such
 tracks, [one-half of which shall be paid to such  tracks  or  non-profit
 county  agricultural  society, except that the full one per centum shall
 be paid to a thoroughbred track in  the  Catskill  region  conducting  a
 mixed  meeting, to be used exclusively for capital improvements pursuant
 to sections two hundred thirty-seven and three hundred nineteen of  this
 chapter  and  subject  to  the  rules  and regulations of the racing and
 wagering board and one-half] to be retained by the regional  corporation
 for its own corporate purposes.
 

S 2. This act shall take effect immediately.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07644-01-1

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