What's happening
This bill expands payment requirements from gaming facility licensees to include racetracks and funds within 75 miles of their facility in region five.
Why it matters
Expands financial support. The bill requires gaming facility licensees in region five to make payments not only to racetracks within their region, but also to any racetrack or breeding funds within 75 miles of their facility—even if those racetracks are outside the strictly defined region. This could redirect or increase funding streams.
Stabilizes funding for local racing and breeding. By pegging payment amounts to 2013 levels (adjusted for inflation), the bill aims to ensure that racetracks and breeding funds near new gaming facilities do not see a decline in support as new casinos open, potentially protecting jobs and economic activity in local horse racing and breeding.
Addresses competitive impact of new casinos. The expansion acknowledges that gaming facilities can affect nearby racetracks and breeding funds even if they’re across a regional border, attempting to mitigate negative financial impacts on those establishments due to increased gaming competition.
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Who cares
Headline styles
Maintain Horse Racing Payments
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
3581
2019-2020 Regular Sessions
IN ASSEMBLY
January 29, 2019
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 payments in support of racing
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subdivision 2 of section 1355 of the racing, pari-mutuel wagering and breeding law, as added by chapter 174 of the laws of 2013, is amended to read as follows:
2. If an applicant that does not possess either a pari-mutuel wagering license or franchise awarded pursuant to article two or three of this chapter is issued a gaming facility license pursuant to this article, the licensee shall pay:
(a) an amount to horsemen for purses at the licensed racetracks in the region and in the case of region five any licensed racetracks within seventy-five miles of the licensee's facility, that will assure the purse support from video lottery gaming facilities in the region and in the case of region five any such licensed racetracks within seventy-five miles of the licensee's facility, to the licensed racetracks in the region and in the case of region five any such facilities within seventy-five miles of the licensee's facility, to be maintained at the same dollar levels realized in two thousand thirteen to be adjusted by the consumer price index for all urban consumers, as published annually by the United States department of labor bureau of labor statistics; and
(b) amounts to the agricultural and New York state horse breeding development fund and the New York state thoroughbred breeding and development fund to maintain payments from video lottery gaming facilities in the region and in the case of region five any such facilities within seventy-five miles of the licensee's facility, to such funds to be maintained at the same dollar levels realized in two thousand thirteen to be adjusted by the consumer price index for all urban consumers, as published annually by the United States department of labor bureau of labor statistics.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07783-01-9
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.