What's happening
This bill exempts certain horse racing agreements from state and federal antitrust laws if jointly approved by the state gaming commission and attorney general.
Why it matters
Allows horse racing organizations to coordinate schedules and broadcasting rights without risk of antitrust lawsuits,. which could encourage more cooperation among tracks and betting entities to optimize race dates and wagering options.
Requires joint approval from both the state gaming commission and the attorney general,. adding a layer of oversight that aims to ensure such agreements serve the public interest and prevent potential abuses.
Explicitly aims to protect and promote the economic sustainability of New York’s horse racing and agriculture sectors,. signaling a legislative intent to support jobs and revenue tied to these industries.
Could impact competition and consumer choice in the racing and betting markets,. as collaborative agreements among major players may reduce the number of independent options but might also enhance the stability and attractiveness of New York horse racing overall.
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Who cares
Headline styles
Allow Racing Antitrust Exemptions
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to racing and wagering
- Referred to racing and wagering
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2306
2017-2018 Regular Sessions
IN ASSEMBLY
January 17, 2017
Introduced by M. of A. PRETLOW -- read once and referred to the Committee on Racing and Wagering
AN ACT to amend the racing, pari-mutuel wagering and breeding law, in relation to antitrust exemptions for horse racing agreements
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The racing, pari-mutuel wagering and breeding law is amended by adding a new section 113-a to read as follows:
§ 113-a. Antitrust exemptions. State and federal antitrust laws shall not apply to any joint agreement entered into, in consultation with and jointly approved by the state gaming commission and the attorney general, by or among non-profit racing associations, thoroughbred racing associations or corporations, harness racing associations or corporations, quarter horse racing associations or corporations, and regional off-track betting corporations to coordinate the dates and times under which they will conduct programs of racing and offer pari-mutuel wagering. In addition, such antitrust laws shall not apply to joint agreements entered into, in consultation with and jointly approved by the state gaming commission and the attorney general, by or among non-profit racing associations, thoroughbred racing associations or corporations, harness racing associations or corporations, quarter horse racing associations or corporations, and regional off-track betting corporations to sell, transfer, assign or purchase the rights to broadcast, simulcast, electronically transmit or offer pari-mutuel wagering on horse races. The state gaming commission and the attorney general shall jointly consider and approve such agreements and the terms therein to further the state's interest in ensuring the viability and continued existence in this state of the horse racing and agriculture industries.
§ 2. This act shall take effect on the one hundred eightieth day after it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04496-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.