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Assembly Bill A10273

2015-2016 Legislative Session

Increases maximum for raffle prizes to five hundred thousand dollars; allows organizations to raffle real property as a prize

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Archive: Last Bill Status - In Assembly Committee

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2015-A10273 (ACTIVE) - Details

Current Committee:
Assembly Racing And Wagering
Law Section:
General Municipal Law
Laws Affected:
Amd ยงยง186 & 189, Gen Muni L
Versions Introduced in 2013-2014 Legislative Session:
A7172

2015-A10273 (ACTIVE) - Summary

Increases maximum for raffle prizes to five hundred thousand dollars; allows organizations to raffle real property as a prize.

2015-A10273 (ACTIVE) - Bill Text download pdf

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

                                  10273

                          I N  A S S E M B L Y

                              May 20, 2016
                               ___________

Introduced  by  M.  of  A.  SCHIMMINGER -- read once and referred to the
  Committee on Racing and Wagering

AN ACT to amend the general municipal law, in relation to increasing the
  maximum for raffle prizes to five hundred thousand dollars and  allow-
  ing organizations to raffle real property as a prize

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivisions 11 and 12 of section 186 of the general munic-
ipal law, subdivision 11 as amended by chapter 337 of the laws of  1998,
and  subdivision  12  as amended by chapter 252 of the laws of 1998, are
amended to read as follows:
  11. "Single prize" shall mean the sum of money or fair market value of
merchandise, PERSONAL PROPERTY, REAL PROPERTY, or  coins  awarded  to  a
participant  by  a  games  of  chance licensee in any one operation of a
single type of game of chance in excess of his OR HER wager.
  12. "Series of prizes" shall mean the total amount  of  single  prizes
minus  the  total amount of wagers lost during the successive operations
of a single type of game of chance, except that for  merchandise  wheels
and  raffles, "series of prizes" shall mean the sum of cash and the fair
market value of merchandise, PERSONAL PROPERTY, REAL PROPERTY, OR  COINS
awarded  as single prizes during the successive operations of any single
merchandise wheel or raffle. In the game of raffle, a series  of  prizes
may  include  a  percentage of the sum of cash received from the sale of
raffle tickets.
  S 2. Subdivisions 5 and 13 of section 189  of  the  general  municipal
law,  subdivision  5  as  amended by chapter 455 of the laws of 2012 and
subdivision 13 as amended by chapter  252  of  the  laws  of  1998,  are
amended to read as follows:
  5.  No single prize awarded by games of chance other than raffle shall
exceed the sum or value  of  three  hundred  dollars,  except  that  for
merchandise wheels, no single prize shall exceed the sum or value of two
hundred  fifty  dollars.  No single prize awarded by raffle shall exceed
the sum or value of one hundred thousand dollars, EXCEPT THAT AN AUTHOR-
IZED ORGANIZATION OR A NOT-FOR-PROFIT CORPORATION AS DEFINED BY SUBPARA-

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

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