Bill Text: NY A03470 | 2019-2020 | General Assembly | Introduced

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Bill Title: Provides for the amount to be paid by off-track betting corporations to regional harness tracks from out-of-state and out-of-country simulcast revenue.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-01-08 - referred to racing and wagering [A03470 Detail]

Download: New_York-2019-A03470-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          3470
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 29, 2019
                                       ___________
        Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
          tee on Racing and Wagering
        AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
          relation  to  payments  by  off track betting corporations to regional
          harness tracks for out-of-state and out-of-country simulcasting reven-
          ue
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subdivision  2 of section 1017 of the racing, pari-mutuel
     2  wagering and breeding law, as amended by chapter  174  of  the  laws  of
     3  2013, is amended to read as follows:
     4    2.  [a. Maintenance of effort. Any off-track betting corporation which
     5  engages in accepting wagers on the simulcasts of thoroughbred races from
     6  out-of-state or out-of-country as permitted  under  subdivision  one  of
     7  this  section shall submit to the commission, for its approval, a sched-
     8  ule of payments to be made in any year or  portion  thereof,  that  such
     9  off-track corporation engages in nighttime thoroughbred simulcasting. In
    10  order  to  be  approved by the commission, the payment schedule shall be
    11  identical to the actual payments and distributions of such  payments  to
    12  tracks  and  purses  made  by such off-track corporation pursuant to the
    13  provisions of section one thousand fifteen of this  article  during  the
    14  year  two  thousand  two,  as  derived  from  out-of-state harness races
    15  displayed after 6:00 P.M. If approved by the commission, such  scheduled
    16  payments  shall  be  made  from  revenues  derived from any simulcasting
    17  conducted pursuant to this section and section one thousand  fifteen  of
    18  this article.
    19    b.  Additional  payments.] Payments. During each calendar year, to the
    20  extent, and at such time in the event, that aggregate statewide wagering
    21  handle after 7:30 P.M. on out-of-state and  out-of-country  thoroughbred
    22  races exceeds one hundred million dollars, each off-track betting corpo-
    23  ration  conducting  such  simulcasting shall pay to its regional harness
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04288-01-9
        A. 3470                             2
     1  track or tracks, an amount equal to [two percent] the following percent-
     2  age of its proportionate share of such excess handle: for calendar years
     3  through two thousand nineteen, two percent; for calendar year two  thou-
     4  sand  twenty,  one  and one-half percent; for calendar year two thousand
     5  twenty-one, one percent; and for  calendar  year  two  thousand  twenty,
     6  one-half  of  one  percent. There shall be no further additional payment
     7  obligation pursuant to this subdivision for calendar years commencing on
     8  or after January first, two thousand twenty-three. In any  region  where
     9  there  are  two  or  more  regional  harness  tracks, such [two percent]
    10  payment amount shall be divided between or among the tracks in a propor-
    11  tion equal to the proportion of handle on live harness  races  conducted
    12  at  such tracks during the preceding calendar year. Fifty percent of the
    13  sum received by each track  pursuant  to  this  [paragraph]  subdivision
    14  shall  be  used  exclusively for increasing purses, stakes and prizes at
    15  that regional harness track. For the purpose of determining whether such
    16  aggregate statewide handle exceeds  one  hundred  million  dollars,  all
    17  wagering on such thoroughbred races accepted by licensed multi-jurisdic-
    18  tional  account  wagering providers from customers within New York state
    19  shall be excluded.
    20    § 2. This act shall take effect immediately.