Bill Text: NY A04803 | 2023-2024 | General Assembly | Introduced

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Bill Title: Relates to payments in support of racing; sets up a payment applicants must pay if they are issued a gaming facility license and they do not possess either a pari-mutuel wagering license or franchise award.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - referred to racing and wagering [A04803 Detail]

Download: New_York-2023-A04803-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          4803

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 23, 2023
                                       ___________

        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 in support of racing

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Paragraph (b) of subdivision  2  of  section  1355  of  the
     2  racing,  pari-mutuel wagering and breeding law, as added by section 1 of
     3  part LL of chapter 59 of the  laws  of  2021,  is  amended  to  read  as
     4  follows:
     5    (b) Beginning on March sixteenth, two thousand twenty and for all time
     6  thereafter,  the  licensee shall pay an amount to horsemen for purses at
     7  the licensed racetracks in the region and in the case of region five any
     8  licensed racetracks within seventy-five miles of the licensee's  facili-
     9  ty,  and an amount to the agricultural and New York state horse breeding
    10  development fund and the New York state thoroughbred breeding and devel-
    11  opment fund that, in aggregate, shall be equal to the product  of  three
    12  and  eight-tenths  percent  multiplied  by the gross gaming revenue from
    13  slot machines of the licensee for the applicable calendar year, provided
    14  that such amount shall not exceed the amount paid  by  the  licensee  to
    15  such  horsemen  and  breeders  funds  for the full two thousand nineteen
    16  calendar year adjusted annually by the  lesser  of  (i)  consumer  price
    17  index  for  all  urban  consumers,  as  published annually by the United
    18  States department of labor bureau of labor statistics or  (ii)  two  and
    19  four-tenths  percent.  Of  the  amount  paid pursuant to this paragraph,
    20  eighty-seven percent will be paid to the horsemen and the remainder will
    21  be paid to the agricultural and New York state horse  breeding  develop-
    22  ment  fund  and the New York state thoroughbred breeding and development
    23  fund.
    24    § 2. This act shall take effect immediately.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09418-01-3