Bill Text: NY S02433 | 2013-2014 | General Assembly | Introduced

New York Senate Bill 2433 (Prior Session Legislation)

NOTE: There are more recent revisions of this legislation. Read Latest Draft

Bill Title: Authorizes racetracks and off-track betting corporations to offer rebates on pari-mutuel wagers made by bettors to reward horse racing patrons for their participation at race meetings.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2013-06-18 - SUBSTITUTED BY A2329A [S02433 Detail]

Download: New_York-2013-S02433-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2433
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                   January 17, 2013
                                      ___________
       Introduced  by  Sen.  KLEIN  -- read twice and ordered printed, and when
         printed to be committed to the Committee on Racing, Gaming and  Wager-
         ing
       AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
         relation to authorizing the payment of rebates on pari-mutuel wagers
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  The  racing,  pari-mutuel  wagering  and  breeding law is
    2  amended by adding a new section 109-a to read as follows:
    3    S 109-A. REBATES. 1. FOR THE PURPOSES OF THIS SECTION, "REBATE"  SHALL
    4  MEAN  A  PORTION  OF PARI-MUTUEL WAGERS, OTHERWISE PAYABLE TO AN ASSOCI-
    5  ATION, CORPORATION, FRANCHISED CORPORATION OR RACING FRANCHISEE CONDUCT-
    6  ING PARI-MUTUEL BETTING AT A RACE MEETING ON RACES RUN  AT  A  RACETRACK
    7  OPERATED  BY  SUCH  ASSOCIATION,  CORPORATION OR FRANCHISED CORPORATION,
    8  WHICH IS PAID TO HOLDERS  OF  PARI-MUTUEL  WAGERING  TICKETS  AND  WHICH
    9  REDUCES  THE  AMOUNT OTHERWISE PAYABLE TO SUCH ASSOCIATION, CORPORATION,
   10  FRANCHISED CORPORATION OR RACING FRANCHISEE. SUCH TERM MAY INCLUDE,  BUT
   11  NOT BE LIMITED TO, REFUNDS TO HOLDERS OF PARI-MUTUEL WAGERING TICKETS OF
   12  ANY PORTION OR PERCENTAGE OF THE FULL FACE VALUE OF A PARI-MUTUEL WAGER,
   13  INCREASING  THE PAYOFF OF, PAYING A BONUS ON A WINNING PARI-MUTUEL TICK-
   14  ET, AWARDS OF MERCHANDISE, SERVICES SUCH AS MEALS,  PARKING,  ADMISSION,
   15  SEATING  AND PROGRAMS, FREE OR REDUCED COST PARI-MUTUEL WAGERS AND MONE-
   16  TARY AWARDS, OR ANY OTHER BENEFIT THAT THE STATE GAMING COMMISSION DEEMS
   17  APPROPRIATE TO REWARD HORSE RACING PATRONS FOR  THEIR  PARTICIPATION  AT
   18  RACE MEETINGS.
   19    2.  THE  STATE  GAMING COMMISSION, UPON APPLICATION OF AN ASSOCIATION,
   20  CORPORATION, FRANCHISED  CORPORATION  OR  RACING  FRANCHISEE  CONDUCTING
   21  PARI-MUTUEL  BETTING AT A RACE MEETING ON RACES RUN AT A RACETRACK OPER-
   22  ATED BY SUCH ASSOCIATION, CORPORATION  OR  FRANCHISED  CORPORATION,  MAY
   23  ANNUALLY  APPROVE  THE  PAYMENT  OF  REBATES BY SUCH ASSOCIATION, CORPO-
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD06752-01-3
       S. 2433                             2
    1  RATION, FRANCHISED CORPORATION OR  RACING  FRANCHISEE,  SUBJECT  TO  THE
    2  FOLLOWING REQUIREMENTS:
    3    A.  THE  APPLICANT  DISCLOSES  THE EXTENT OF THE REBATE PROGRAM.  SUCH
    4  DISCLOSURE SHALL INCLUDE A LISTING OF THE MONETARY VALUE OF ALL  REBATES
    5  PAID  TO  BETTORS  DURING  THE PREVIOUS CALENDAR YEAR, AND THE TERMS AND
    6  CONDITIONS GOVERNING THE AWARD OF REBATES TO BETTORS  FOR  THE  CALENDAR
    7  YEAR TO WHICH THE APPLICATION APPLIES;
    8    B.  THE  APPLICANT  PROVIDES ASSURANCES THAT THE VALUES OF THE REBATES
    9  ARE DETERMINED SOLELY BY (I) ATTENDANCE AT ONE OR  MORE  RACE  MEETINGS,
   10  (II)  THE  AMOUNT  WAGERED BY A BETTOR, OR (III) HOW FREQUENTLY A BETTOR
   11  WAGERS;
   12    C. THE ASSOCIATION,  CORPORATION,  FRANCHISED  CORPORATION  OR  RACING
   13  FRANCHISEE  MAINTAINS  RECORDS  OF ALL WAGERS SUBJECT TO A REBATE, FOR A
   14  PERIOD OF NOT LESS THAN THREE YEARS; AND
   15    D. THE APPLICANT DEMONSTRATES THAT SUCH REBATES ARE IN THE BEST INTER-
   16  ESTS OF HORSE RACING.
   17    3. REGIONAL OFF-TRACK BETTING CORPORATIONS MAY OFFER REBATES ON WAGERS
   18  MADE ON RACES RUN BY ANY  ASSOCIATION,  CORPORATION,  FRANCHISED  CORPO-
   19  RATION  OR  RACING  FRANCHISEE  WHICH  OFFERS  REBATES  PURSUANT TO THIS
   20  SECTION. SUCH REBATES SHALL BE SUBJECT TO THE PROVISIONS OF SUBDIVISIONS
   21  ONE AND TWO OF THIS SECTION.
   22    4. UPON THE APPROVAL OF AN ASSOCIATION, CORPORATION, FRANCHISED CORPO-
   23  RATION OR RACING FRANCHISEE CONDUCTING PARI-MUTUEL  BETTING  AT  A  RACE
   24  MEETING ON RACES RUN AT A RACETRACK OPERATED BY SUCH ASSOCIATION, CORPO-
   25  RATION,  FRANCHISED  CORPORATION  OR  RACING  FRANCHISEE, ANOTHER RACING
   26  ASSOCIATION, CORPORATION, FRANCHISED CORPORATION  OR  RACING  FRANCHISEE
   27  MAY PROVIDE BETTORS WITH REBATES ON WAGERS ON RACES RUN AT THE RACETRACK
   28  OPERATED BY SUCH APPROVING ASSOCIATION, CORPORATION AT A RACETRACK OPER-
   29  ATED  BY SUCH ASSOCIATION, CORPORATION, FRANCHISED CORPORATION OR RACING
   30  FRANCHISEE. ALL SUCH REBATES SHALL  BE  SUBJECT  TO  THE  PROVISIONS  OF
   31  SUBDIVISIONS ONE AND TWO OF THIS SECTION.
   32    S 2. This act shall take effect on the one hundred eightieth day after
   33  it shall have become a law or on the same date and in the same manner as
   34  part  A  of chapter 60 of the laws of 2012 takes effect, whichever shall
   35  occur later; provided that effective immediately any rules,  regulations
   36  and  applications  necessary  to implement the provisions of this act on
   37  its effective date are authorized to be  completed  on  or  before  such
   38  date.