Bill Text: NY S01956 | 2023-2024 | General Assembly | Introduced

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Bill Title: Mandates a fixed percentage of annual harness horse breeders awards; requires that all sire stakes funds generated by a specific racetrack be returned as purses to such track at the same level in order to allow New York to compete with states that have stronger awards programs.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - REFERRED TO RACING, GAMING AND WAGERING [S01956 Detail]

Download: New_York-2023-S01956-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          1956

                               2023-2024 Regular Sessions

                    IN SENATE

                                    January 17, 2023
                                       ___________

        Introduced  by  Sen. ADDABBO -- 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 mandating a  fixed  percentage  of  annual  harness  horse
          breeders  awards and requiring that all sire stakes funds generated by
          a specific racetrack be returned as purses to such track at  the  same
          level

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. The opening paragraph and paragraph f of subdivision  1  of
     2  section  332  of  the racing, pari-mutuel wagering and breeding law, the
     3  opening paragraph as amended by chapter 429 of  the  laws  of  2008  and
     4  paragraph f as amended by chapter 56 of the laws of 1991, are amended to
     5  read as follows:
     6    To collect and receive in each calendar year amounts to be paid to the
     7  fund  by  the  persons  or  corporations licensed to conduct pari-mutuel
     8  betting at harness racing tracks, an amount equal to three-fifths of one
     9  per centum of all moneys deposited in pari-mutuel betting pools  result-
    10  ing  from on-track bets at all races conducted by licensees at a harness
    11  horse meeting or races run thereat except that for super exotic  betting
    12  pools such amount shall be three per centum of such bets, as provided by
    13  paragraph c of subdivision one of section three hundred eighteen of this
    14  article  and  to collect and receive in each calendar year to be paid to
    15  the fund by each regional corporation, an amount equal  to  three-fifths
    16  of  one per centum of daily pools derived from off-track bets on harness
    17  races except that for super exotic betting pools such  amount  shall  be
    18  three per centum of such bets as provided by subdivision five of section
    19  five  hundred twenty-seven of this chapter; provided however, that after
    20  April first, nineteen hundred eighty-six, the amount to be collected and
    21  received from such licensees and regional corporations, except for super

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04723-01-3
        S. 1956                             2

     1  exotic betting pools, shall be  one  per  centum,  and  to  collect  and
     2  receive  such  funds  as  may otherwise be authorized by law. The moneys
     3  shall be deposited forthwith in a bank or banks in this state. The  fund
     4  is  authorized  to  dispose  of and distribute the monies received by it
     5  pursuant to the provisions of this chapter for the following purpose and
     6  no others, with the balance distributed to each track made in proportion
     7  to such track's contribution from all revenue sources from  such  track,
     8  made  to the fund, bears to the total contributions to the fund from all
     9  such tracks. Each track contributing to  the  fund  shall  utilize  such
    10  monies  paid  to  it  for  purses, prizes and premiums for New York-bred
    11  harness horses:
    12    f. An amount as shall be determined by the fund but shall not be  less
    13  than  seventy-five  percent  thereof  in an account designated "New York
    14  state breeding farms", and of such amount [not less than ten percent nor
    15  more than] twenty percent [as determined by the  trustees  of  the  fund
    16  may]  shall  be used exclusively for breeders' awards for New York-breds
    17  and awards to owners of eligible stallions.
    18    § 2. This act shall take effect immediately.