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Assembly Bill A6089A

2015-2016 Legislative Session

Relates to multi-jurisdictional account wagering providers

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

2015-A6089 - Details

Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §1012, RWB L

2015-A6089 - Summary

Relates to multi-jurisdictional account wagering providers.

2015-A6089 - Bill Text download pdf 

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

                                  6089

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 16, 2015
                               ___________

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 account wagering

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

  Section 1. Subdivision 1 of section 1012 of  the  racing,  pari-mutuel
wagering  and  breeding  law,  as  amended by chapter 174 of the laws of
2013, is amended to read as follows:
  1. Racing  associations  and  corporations,  franchised  corporations,
off-track betting corporations and multi-jurisdictional account wagering
providers  may  form  partnerships,  joint ventures, or any other affil-
iations or contractual arrangement in order to further the  purposes  of
this  section.  Multi-jurisdictional account wagering providers involved
in such joint affiliations or contractual arrangements shall follow  the
same  distributional  policy  with  respect  to  retained commissions as
[their in-state affiliate or contractual partner] A MULTI-JURISDICTIONAL
ACCOUNT WAGERING PROVIDER DEFINED IN THIS  ARTICLE;  PROVIDED,  HOWEVER,
THAT  SUCH  JOINT AFFILIATION OR CONTRACTUAL ARRANGEMENT ENTERED INTO ON
OR AFTER THE EFFECTIVE DATE OF THE CHAPTER OF THE LAWS OF  TWO  THOUSAND
FIFTEEN THAT AMENDED THIS SUBDIVISION SHALL BE SUBJECT TO THE REVIEW AND
APPROVAL  OF  THE  NEW YORK STATE GAMING COMMISSION TO DETERMINE IF SUCH
AFFILIATION OR CONTRACTUAL ARRANGEMENT IS IN THE BEST  INTEREST  OF  THE
RACING INDUSTRY OF THIS STATE.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09834-01-5

2015-A6089A (ACTIVE) - Details

Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §1012, RWB L

2015-A6089A (ACTIVE) - Summary

Relates to multi-jurisdictional account wagering providers.

2015-A6089A (ACTIVE) - Bill Text download pdf 

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

                                 6089--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 16, 2015
                               ___________

Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
  tee on Racing and Wagering  --  committee  discharged,  bill  amended,
  ordered reprinted as amended and recommitted to said committee

AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
  relation to account wagering

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

  Section  1.  Subdivision  1 of section 1012 of the racing, pari-mutuel
wagering and breeding law, as amended by chapter  174  of  the  laws  of
2013, is amended to read as follows:
  1.  Racing  associations  and  corporations,  franchised corporations,
off-track betting corporations and multi-jurisdictional account wagering
providers may form partnerships, joint ventures,  or  any  other  affil-
iations  or  contractual arrangement in order to further the purposes of
this section. Multi-jurisdictional account wagering  providers  involved
in  such joint affiliations or contractual arrangements shall follow the
same distributional policy  with  respect  to  retained  commissions  as
[their in-state affiliate or contractual partner] A MULTI-JURISDICTIONAL
ACCOUNT WAGERING PROVIDER DEFINED IN THIS ARTICLE.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09834-02-5

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