|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 17, 2013||referred to racing, gaming and wagering|
senate Bill S2415
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S2415 - Details
S2415 - Summary
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.
S2415 - Sponsor Memo
BILL NUMBER:S2415 TITLE OF BILL: 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 revenue PURPOSE: To phase out additional payments made by off track betting corporations conducting simulcast to those regional harness track or tracks that had previously received additional, payments. SUMMARY OF PROVISIONS: Section 1: Details dates and percentages of payment phase out. Calendar year 2009 would retain the traditional two (2) percent payment of excess handle, Each subsequent year thereafter would be a half (5) percentage point reduction in payments. No payment of excess handle would be made from the beginning of calendar year 2013 onward. Section 2: Effective date language. EXISTING LAW: Currently subdivision 3(b) (3)-(4) of section 1016 requires OTBs to pay regional harness tracks six (6) percent of the sum retained by the OTB from wagers accepted on harness races run at out of state
S2415 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2415 2013-2014 Regular Sessions I N S E N A T E January 17, 2013 ___________ Introduced by Sen. ADAMS -- 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 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: Section 1. Subdivision 2 of section 1017 of the racing, pari-mutuel wagering and breeding law, as amended by chapter 18 of the laws of 2008, is amended to read as follows: 2. [a. Maintenance of effort. Any off-track betting corporation which engages in accepting wagers on the simulcasts of thoroughbred races from out-of-state or out-of-country as permitted under subdivision one of this section shall submit to the board, for its approval, a schedule of payments to be made in any year or portion thereof, that such off-track corporation engages in nighttime thoroughbred simulcasting. In order to be approved by the board, the payment schedule shall be identical to the actual payments and distributions of such payments to tracks and purses made by such off-track corporation pursuant to the provisions of section one thousand fifteen of this article during the year two thousand two, as derived from out-of-state harness races displayed after 6:00 P.M. If approved by the board, such scheduled payments shall be made from reven- ues derived from any simulcasting conducted pursuant to this section and section one thousand fifteen of this article. b. Additional payments] PAYMENTS. During each calendar year, to the extent, and at such time in the event, that aggregate statewide wagering handle after 7Labor P.M. on out-of-state and out-of-country thoroughbred races exceeds one hundred million dollars, each off-track betting corpo- 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. LBD05570-01-3
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