Assembly Bill A2329A

Signed By Governor
2013-2014 Legislative Session

Authorizes racetracks and off-track betting corporations to offer rebates on pari-mutuel wagers made by bettors and to horse racing patrons

download bill text pdf

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Archive: Last Bill Status - Signed by Governor


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

2013-A2329 - Details

See Senate Version of this Bill:
S2433
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Add §109-b, RWB L
Versions Introduced in 2011-2012 Legislative Session:
S6758

2013-A2329 - Summary

Authorizes racetracks and off-track betting corporations to offer rebates on pari-mutuel wagers made by bettors to reward horse racing patrons for their participation at race meetings.

2013-A2329 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2329

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            January 14, 2013
                               ___________

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 authorizing the payment of rebates on pari-mutuel wagers

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The  racing,  pari-mutuel  wagering  and  breeding  law  is
amended by adding a new section 113-a to read as follows:
  S  113-A. REBATES. 1. FOR THE PURPOSES OF THIS SECTION, "REBATE" SHALL
MEAN A PORTION OF PARI-MUTUEL WAGERS, OTHERWISE PAYABLE  TO  AN  ASSOCI-
ATION OR CORPORATION CONDUCTING PARI-MUTUEL BETTING AT A RACE MEETING ON
RACES  RUN  THEREAT,  WHICH  IS  PAID TO HOLDERS OF PARI-MUTUEL WAGERING
TICKETS AND WHICH REDUCES THE AMOUNT OTHERWISE PAYABLE TO  SUCH  ASSOCI-
ATION OR CORPORATION. SUCH TERM SHALL BE DEFINED IN RULES PROMULGATED BY
THE  BOARD AND MAY INCLUDE, BUT NOT BE LIMITED TO, REFUNDS TO HOLDERS OF
PARI-MUTUEL WAGERING TICKETS OF ANY PORTION OR PERCENTAGE  OF  THE  FULL
FACE  VALUE  OF  A PARI-MUTUEL WAGER, INCREASING THE PAYOFF OF, PAYING A
BONUS ON A WINNING PARI-MUTUEL TICKET OR ANY  OTHER  BENEFIT  THE  BOARD
DEEMS  APPROPRIATE TO REWARD RACING FAN PATRONS.  REBATES SHALL INCLUDE,
BUT NOT BE LIMITED TO, AWARDS OF MERCHANDISE, SERVICES  SUCH  AS  MEALS,
PARKING,  ADMISSION, SEATING AND PROGRAMS, FREE OR REDUCED COST PARI-MU-
TUEL WAGERS, AND MONETARY AWARDS.
  2. THE RACING AND WAGERING BOARD, UPON APPLICATION OF  AN  ASSOCIATION
OR CORPORATION CONDUCTING PARI-MUTUEL BETTING AT A RACE MEETING ON RACES
RUN THEREAT, MAY ANNUALLY APPROVE THE PAYMENT OF REBATES BY SUCH ASSOCI-
ATION OR CORPORATION, SUBJECT TO THE FOLLOWING REQUIREMENTS:
  A.  THE  APPLICANT  FULLY  DISCLOSES THE EXTENT OF THE REBATE PROGRAM.
FULL DISCLOSURE SHALL INCLUDE THE DISCLOSURE OF THE  MONETARY  VALUE  OF
ALL  REBATES  PAID TO BETTORS DURING THE PREVIOUS CALENDAR YEAR, AND THE
TERMS AND CONDITIONS GOVERNING THE AWARD OF REBATES TO BETTORS  FOR  THE
CALENDAR YEAR TO WHICH THE APPLICATION APPLIES;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07436-01-3
              

2013-A2329A (ACTIVE) - Details

See Senate Version of this Bill:
S2433
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Add §109-b, RWB L
Versions Introduced in 2011-2012 Legislative Session:
S6758

2013-A2329A (ACTIVE) - Summary

Authorizes racetracks and off-track betting corporations to offer rebates on pari-mutuel wagers made by bettors to reward horse racing patrons for their participation at race meetings.

2013-A2329A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 2329--A
                                                         Cal. No. 11

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            January 14, 2013
                               ___________

Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
  tee on Racing and Wagering -- passed by Assembly and delivered to  the
  Senate,  recalled  from  the  Senate, vote reconsidered, bill amended,
  ordered reprinted, retaining its place on the special order  of  third
  reading

AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
  relation to authorizing the payment of rebates on pari-mutuel wagers

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  The  racing,  pari-mutuel  wagering  and  breeding law is
amended by adding a new section 109-b to read as follows:
  S 109-B. REBATES. 1. FOR THE PURPOSES OF THIS SECTION, "REBATE"  SHALL
MEAN  A  PORTION  OF PARI-MUTUEL WAGERS, OTHERWISE PAYABLE TO AN ASSOCI-
ATION OR CORPORATION CONDUCTING PARI-MUTUEL BETTING AT A RACE MEETING ON
RACES RUN THEREAT, WHICH IS PAID  TO  HOLDERS  OF  PARI-MUTUEL  WAGERING
TICKETS  AND  WHICH REDUCES THE AMOUNT OTHERWISE PAYABLE TO SUCH ASSOCI-
ATION OR CORPORATION.  SUCH TERM SHALL BE DEFINED IN  RULES  PROMULGATED
BY  THE  COMMISSION  AND  MAY INCLUDE, BUT NOT BE LIMITED TO, REFUNDS TO
HOLDERS OF PARI-MUTUEL WAGERING TICKETS OF ANY PORTION OR PERCENTAGE  OF
THE  FULL  FACE  VALUE OF A PARI-MUTUEL WAGER, INCREASING THE PAYOFF OF,
PAYING A BONUS ON A WINNING PARI-MUTUEL TICKET, AWARDS  OF  MERCHANDISE,
SERVICES  SUCH  AS MEALS, PARKING, ADMISSION, SEATING AND PROGRAMS, FREE
OR REDUCED COST PARI-MUTUEL WAGERS AND MONETARY  AWARDS,  OR  ANY  OTHER
BENEFIT  THAT  THE  STATE  GAMING COMMISSION DEEMS APPROPRIATE TO REWARD
HORSE RACING PATRONS FOR THEIR PARTICIPATION AT RACE MEETINGS.
  2. THE STATE GAMING COMMISSION, UPON APPLICATION OF AN ASSOCIATION  OR
CORPORATION  CONDUCTING  PARI-MUTUEL  BETTING AT A RACE MEETING ON RACES
RUN THEREAT, MAY APPROVE THE PAYMENT OF REBATES BY SUCH  ASSOCIATION  OR
CORPORATION FOR A REBATE PROGRAM FOR A PERIOD OF UP TO ONE YEAR, SUBJECT
TO THE FOLLOWING REQUIREMENTS:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07436-04-3
              

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