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Sponsors
Senator · Senate District 42
No co-sponsors yet.
History
- Referred to racing and wagering
- Delivered to assembly
- Passed senateVote 56–2
- Ordered to third reading cal.1452
- Committee discharged and committed to rules
- Print number 7615a
- 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:S7615A
Title of bill
An act to amend the racing, pari-mutuel wagering and breeding law, in relation to out-of-state or out-of-country races; to amend the tax law, in relation to video lottery terminal flex hours and increasing free play at video lottery facilities; and to repeal certain provisions of the racing, pari-mutuel wagering and breeding law relating thereto
Purpose
To provide operational and financial relief to licensed New York State Video Lottery Gaming Facilities and Regional Off Track Betting Corporations. This bill will also increase aid to Education.
Summary of provisions
Section 1 of the bill amends section 1016 of the racing, pari-mutuel wagering and breeding law to eliminate dark day payments made from regional off track betting corporations to licensed New York State harness tracks.
Section 2 of the bill amends section 1017 of the racing, pari-mutuel wagering and breeding law to eliminate maintenance of effort and hold harmless payments made from regional off track betting corporations to licensed New York State harness tracks.
Section 3 of the bill amends section 1012 of the racing, pari-mutuel wagering and breeding law to make technical corrections pertaining to regulation of multi jurisdictional account wagering providers.
Section 4 of the bill amends section 1612 of the tax law to provide a video lottery gaming facility located in Sullivan County with a Vendor Capital Award.
Section 5 of the bill amends section 1617-a of the tax law to provide video lottery gaming facilities with more flexible hours of operation.
Section 6 of the bill amends section 1617-a of the tax law to increase the annual value of free play allowance credits authorized for use by a video lottery gaming facility from ten to fifteen percent of the total amount wagered on video lottery games after payout of prizes.
Section 7 of the bill would provide an immediate effective date for this legislation.
Justification
Currently, New York State Video Lottery Gaming facilities are in competition with gaming entities in other jurisdictions that have unlimited free play and more flexible hours of operation. In addition, regional off track betting corporations are experiencing financial difficulty resulting from increased out of state competition and from antiquated and obsolete regulatory payment requirements in statute. This bill would authorize various forms of financial and operational relief to ensure New York State Video Lottery Gaming facilities and Regional Off Track Betting Corporations remain competitive with racing and gaming entities in other jurisdictions. The relief provided will also increase aid to education through the State Lottery Fund and help County governments with
increased revenues generated through the Regional Off Track Betting Corporations.
Legislative history
This is a new bill.
Fiscal implications
This bill will generate an additional $110-$115 million in aid to education.
Local fiscal implications
This bill will generate additional revenues for County governments which have Regional Off Track Betting Corporations.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.