Bill S6236-2013

Authorizes the payments of rebates on pari-mutuel wagers

Authorizes the payments of rebates on pari-mutuel wagers.

Details

Actions

  • Mar 17, 2014: SIGNED CHAP.11
  • Mar 12, 2014: DELIVERED TO GOVERNOR
  • Feb 3, 2014: returned to senate
  • Feb 3, 2014: passed assembly
  • Feb 3, 2014: ordered to third reading cal.426
  • Feb 3, 2014: substituted for a8510
  • Jan 23, 2014: referred to racing and wagering
  • Jan 22, 2014: DELIVERED TO ASSEMBLY
  • Jan 22, 2014: PASSED SENATE
  • Jan 13, 2014: ORDERED TO THIRD READING CAL.8
  • Jan 13, 2014: COMMITTEE DISCHARGED AND COMMITTED TO RULES
  • Jan 8, 2014: REFERRED TO RACING, GAMING AND WAGERING

Meetings

Calendars

Votes

VOTE: COMMITTEE VOTE: - Rules - Jan 13, 2014
Ayes (16): Skelos, Libous, Bonacic, Carlucci, Farley, Flanagan, Larkin, Marcellino, Maziarz, Nozzolio, Seward, Valesky, Stewart-Cousins, Breslin, Dilan, Hassell-Thompson
Ayes W/R (4): LaValle, Montgomery, Perkins, Gianaris
Nays (3): Hannon, Krueger, Espaillat
Absent (1): Parker

Memo

BILL NUMBER:S6236

TITLE OF BILL: An act to amend the racing, pari-mutuel wagering and breeding law, in relation to authorizing the payment of rebates on pari-mutuel wagers

PURPOSE:

This bill is a chapter amendment to Chapter 472 of the Laws of 2013 which clearly authorized in law the ability of host racetracks, simulcast racetracks, and regional off-track betting corporations (OTBS) (regulated entities) to offer long term rebate and fan appreciation benefits to those racing fans who attend race meets, preferred customers and to volume bettors.

With the advice of the New York State Gaming Commission (Commission), this bill makes very technical changes to Chapter 472 which establishes a statutory framework to authorize the approval of such long term rebate programs and establish guidelines for the approval of such rebate programs by the Commission.

SUMMARY OF PROVISIONS:

Section 1: Revises Racing & Wagering Law section 109-b to make technical changes so as to more accurately reference in the law those racing and other pari-mutual entities that can operate such rebates or fan appreciation programs.

EXISTING LAW:

Chapter 472 of the Laws of 2013 was signed into law on November 13, 2013, and goes into effect 180 days after such date. These technical changes will go into effect on the same date as Chapter 472 of the Laws of 2013.

JUSTIFICATION:

These suggested changes were made upon the advice of the Governor's Office and the NYS Gaming Commission.

LEGISLATIVE HISTORY:

A Chapter amendment to Chapter 472 of the Laws of 2013.

FISCAL IMPLICATIONS: None.

EFFECTIVE DATE:

The same date as Chapter 472 of the Laws of 2013, which is 180 days after it was signed into law on November 13, 2013.


Text

STATE OF NEW YORK ________________________________________________________________________ 6236 IN SENATE (PREFILED) January 8, 2014 ___________
Introduced by Sen. KLEIN -- 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 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. Section 109-b of the racing, pari-mutuel wagering and breeding law, as added by chapter 472 of the laws of 2013, is amended 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] ENTITY conducting pari-mutuel betting [at a race meeting on races run thereat, which], THAT is paid to holders of pari- mutuel wagering tickets and [which] THAT reduces the amount otherwise payable to such [association or corporation. Such term shall be defined in rules promulgated by the commission and may include] ENTITY, INCLUD- ING, 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, park- ing, 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] PATRONAGE at race meetings. 2. The state gaming commission, upon application of an [association or corporation conducting] ENTITY AUTHORIZED TO CONDUCT pari-mutuel betting [at a race meeting on races run thereat], may approve the payment of rebates by such [association or corporation] ENTITY for a rebate program [for a period of up to one year], subject to the following requirements: a. the applicant discloses the extent of the rebate program. Such disclosure shall include a listing 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]; b. the applicant provides assurances that the values of the rebates are determined solely by (i) attendance at one or more race meetings, (ii) the amount wagered by a bettor, (iii) the amount payable to the [association or corporation] ENTITY on each wager, or (iv) how frequent- ly a bettor wagers; c. the [association or corporation] ENTITY maintains records of all wagers subject to a rebate, for a period of not less than three years; and d. the applicant demonstrates that such rebates are in the best inter- ests of horse racing. [3. Regional off-track betting corporations may offer rebates on wagers made on races run by any association or corporation which offers rebates pursuant to this section. Such rebates shall be subject to the provisions of subdivisions one and two of this section. 4. Upon the approval of an association or corporation conducting pari- mutuel betting at a race meeting on races run thereat, another racing association or corporation may provide bettors with rebates on wagers on races run at the racetrack operated by such approving association or corporation. All such rebates shall be subject to the provisions of subdivisions one and two of this section.] S 2. This act shall take effect on the same date and in the same manner as chapter 472 of the laws of 2013 takes effect.

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