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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to racing, gaming and wagering
- Referred to rules
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law and the racing, pari-mutuel wagering and breeding law, in relation to authorizing the division of the lottery to conduct the operation of video lottery wagering at regional off-track betting facilities in Nassau county
Purpose or general idea of bill
This bill would authorize the Lottery Division to license to license Nassau Regional Off-Track Betting Corporation as a video lottery vendor for the purpose of developing a video lottery facility at its current tele-theatre facility.
Justification
Privately owned racetracks are authorized by state law to act as video lottery vendors and they generate enormous profit from such activity for their private shareholders. This bill would establish a pilot program at Nassau Regional Off-Track Betting Corporation that would permit the establishment of a video lottery facility at the corporation's tele-theatre. As the off-track betting corporation is a public benefit entity the profits from the facility operation would flow to local and state government and be dedicated for the support of state education, Nassau Community College and New York State's important upstate agricultural industry by support of the racing industry.
Prior legislative history
None.
Fiscal implications
Would increase revenues in support of state education, local government, Nassau Community College, the New York State Thoroughbred Breeding Fund, the New York State Agriculture and Horse Breeding Fund, and increase prize purses for Belmont, Aqueduct, Saratoga, Finger Lakes, Yonkers, Monticello, and Vernon racetracks.
Effective date
Immediate.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.