Bill Text: NY A08455 | 2017-2018 | General Assembly | Introduced

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Bill Title: Prohibits regional off-track betting corporations from making payments to tracks.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2018-01-03 - referred to racing and wagering [A08455 Detail]

Download: New_York-2017-A08455-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          8455
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                      June 16, 2017
                                       ___________
        Introduced by M. of A. McDONALD -- 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 maintenance of effort by  off-track  betting  corporations
          accepting wagers on out-of-state or out-of-country races
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Paragraph a of subdivision 2 of section 1017 of the racing,
     2  pari-mutuel wagering and breeding law, as amended by chapter 174 of  the
     3  laws of 2013, is amended to read as follows:
     4    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 commission, for its approval, a sched-
     8  ule of payments to be made in any year or  portion  thereof,  that  such
     9  off-track corporation engages in nighttime thoroughbred simulcasting. In
    10  order  to  be  approved  by  the commission, prior to January first, two
    11  thousand eighteen, the payment schedule shall be identical to the actual
    12  payments and distributions of such payments to tracks and purses made by
    13  such off-track corporation pursuant to the  provisions  of  section  one
    14  thousand  fifteen  of  this article during the year two thousand two, as
    15  derived from out-of-state harness races displayed after 6:00 P.M. On and
    16  after January first, two thousand eighteen no such payments and distrib-
    17  utions of payments shall be made to tracks from any  regional  off-track
    18  betting  corporation  in  which  a  track is wholly contained; provided,
    19  further, that on and after January first, two thousand  twenty  no  such
    20  payments  and  distributions  shall be made to tracks from any off-track
    21  betting corporation.   If approved by  the  commission,  such  scheduled
    22  payments  shall  be  made  from  revenues  derived from any simulcasting
    23  conducted pursuant to this section and section one thousand  fifteen  of
    24  this article.
    25    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13132-01-7