Assembly Bill A8510

Signed By Governor
2013-2014 Legislative Session

Authorizes the payments of rebates on pari-mutuel wagers

download bill text pdf

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Archive: Last Bill Status Via S6236 - Signed by Governor


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2013-A8510 (ACTIVE) - Details

See Senate Version of this Bill:
S6236
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd ยง109-b, RWB L

2013-A8510 (ACTIVE) - Summary

Authorizes the payments of rebates on pari-mutuel wagers.

2013-A8510 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  8510

                          I N  A S S E M B L Y

                            January 17, 2014
                               ___________

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 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:

  Section 1. Section 109-b  of  the  racing,  pari-mutuel  wagering  and
breeding law, as added by chapter 472 of the laws of 2013, is amended to
read as follows:
  S  109-b. Rebates. 1. For the purposes of this section, "rebate" shall
mean a portion of pari-mutuel wagers, otherwise payable to  an  [associ-
ation  or  corporation] ENTITY conducting pari-mutuel betting [at a race
meeting on races run thereat, which], THAT is paid to holders  of  pari-
mutuel  wagering  tickets  and [which] THAT reduces the amount otherwise
payable to such [association or corporation.  Such term shall be defined
in rules promulgated by the commission and may include] ENTITY,  INCLUD-
ING, but not [be] limited to, refunds to holders of pari-mutuel wagering
tickets  of  any portion or percentage of the full face value of a pari-
mutuel wager, [increasing the payoff of,] paying a bonus  on  a  winning
pari-mutuel ticket, awards of merchandise, services such as meals, park-
ing,  admission,  seating and programs, free or reduced cost pari-mutuel
wagers [and], monetary awards, or  any  other  benefit  that  the  state
gaming  commission  deems appropriate to reward horse racing patrons for
their [participation] PATRONAGE at race meetings.
  2. The state gaming commission, upon application of an [association or
corporation conducting] ENTITY AUTHORIZED TO CONDUCT pari-mutuel betting
[at a race meeting on races run thereat], may  approve  the  payment  of
rebates by such [association or corporation] ENTITY for a rebate program
[for a period of up to one year], subject to the following requirements:
  a.  the  applicant  discloses  the extent of the rebate program.  Such
disclosure shall include a listing of the monetary value of all  rebates
paid  to  bettors  during  the previous calendar year, and the terms and
conditions governing the award of rebates to bettors [for  the  calendar
year to which the application applies];

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

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