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Sponsors
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History
- Referred to racing, gaming and wagering
- Print number 4989a
- Amend and recommit to racing, gaming and wagering
- Referred to racing, gaming and wagering
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4989A
Title of bill
An act to amend the racing, pari-mutuel wagering and breeding law and the tax law, in relation to allowing off-track betting corporations in the state to host video lottery terminals
Purpose
The purpose of this legislation is to allow the regional off-track betting corporations of Nassau and Suffolk Counties to operate video lottery gaming terminals.
Summary of provisions
Section 1. Amends Section 503 of the racing, pari-mutuel wagering and breeding law and adds subdivision 10-e.
Section 2. Amends subparagraph (ii) of paragraph 1 of subdivision b of section 1612 of the tax law, as amended by section 6 of part N of chapter 57 of the laws of 2010, clause ;F) as amended by section 1 of part I of chapter 39 of the laws of 2013, clause (ii) as amended by chapter 454 of the laws of 2012, clause (1) as added by section 1 of part 0 of chapter 61 of the laws of 2011.
Section 3. Amends subparagraph (iii) of paragraph 1 and the opening paragraph of paragraph 2 of subdivision b of section 1612 of the tax law, subparagraph (iii) of paragraph 1 as amended by section 1 of cart 0-1 of chapter 57 of the laws of 2009, and the opening paragraph of paragraph 2 as amended by section 1 of part J of chapter 55 of the laws of 2013.
Section 4. Amends subdivision a of section 1617-a of the tax law, as amended by section 2 of part O-1 of chapter 57 of the laws of 2009.
Section 5. Effective date.
Justification
The current law regarding video lottery terminals in New York State only allows them in specified regions of the state that have either a thoroughbred or standardbred racetrack. This bill would expand on the current list of allowed regions by granting the Nassau and Suffolk Regional Off-Track Betting Corporations, which cover the two most populous counties in the state (outside of NYC), the power to host video lottery gaming terminals. This would bring in much needed. revenue for the two counties.
Legislative history
New bill.
Fiscal implications
None to the state. However, it is estimated that this act would generate millions of dollars in revenue for participating counties and for the state.
Effective date
This act shall take effect the first of January next succeeding the date on which it shall have become a law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.