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Who cares
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Sponsors
No co-sponsors yet.
History
- Substituted by A4750A
- Advanced to third reading
- 2nd report cal.
- 1st report cal.81
- Reported and committed to finance
- Referred to racing, gaming and wagering
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Repeals provisions of law relating to retention rates for facilities authorized to accept wagers on out-of-state tracks
Signed by Governor · Sponsor J. Gary Pretlow
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to repeal sections 22, 23 and 24 of chapter 115 of the laws of 2008 amending the racing, pari-mutuel wagering and breeding law and the public officers law relating to the New York city off-track betting corporation, relating to retention rates for facilities authorized to accept wagers on out-of-state tracks
Purpose or general idea of bill
This bill will prevent a takeout increase from going into effect on March 15, 2009 from bets made with New York pari-mutuel licensees on thoroughbred horse races outside New York State.
Summary of specific provisions
Section one repeals the three sections of Chapter 115 of the Laws of 2008 --- sections 22, 23, 24 - which would impose the takeout increase.
Effects of present law which this bill would alter
Merely continues takeouts on wagers at licensed facilities in New York on thoroughbred races conducted outside New York at currently applicable rates.
Justification
The proposal to increase the takeout was part of a package of suggested actions -constructed to prevent New York City OTB from closing down. The package was not enacted. Accordingly, these provisions are no longer necessary.
Prior legislative history
None.
Fiscal implications for state and local governments
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.