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Assembly Bill A7840A

2021-2022 Legislative Session

Relates to handicapping tournaments

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

2021-A7840 - Details

See Senate Version of this Bill:
S7034
Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §906, RWB L
Versions Introduced in 2023-2024 Legislative Session:
A3611, S1957

2021-A7840 - Summary

Specifies who can operate a handicapping tournament; requires handicapping tournament operators to distribute no less than eighty percent of entry fees as prizes to the winners of a handicapping tournament.

2021-A7840 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7840
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 27, 2021
                                ___________
 
 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 handicapping tournaments for multi-jurisdictional account
   wagering providers
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Section 906 of the racing, pari-mutuel wagering and breed-
 ing law, as added by chapter 2 of the laws of 1995,  and  as  renumbered
 and  subdivision  1  as  amended  by chapter 18 of the laws of 2008, and
 paragraph (b) of subdivision 2 as amended by chapter 243 of the laws  of
 2020, is amended to read as follows:
   §   906.   Handicapping  tournaments.  1.  Notwithstanding  any  other
 provision of law, a thoroughbred racing corporation,  a  harness  racing
 corporation  or association, a regional off-track betting corporation or
 a combination thereof, A MULTI-JURISDICTIONAL ACCOUNT WAGERING  PROVIDER
 OR  A  PARTY  THAT  CONTRACTS  WITH  ANY OF THE FOREGOING, may operate a
 handicapping tournament at which the  participants  may  be  charged  an
 entry  fee  if  the  tournament  is  conducted  in  accordance  with the
 provisions of this section.
   2. (a) The operator of a handicapping tournament shall  distribute  NO
 LESS  THAN  EIGHTY  PERCENT  OF  all  of the entry fees as prizes to the
 winners of the tournament. Nothing herein  shall  preclude  an  operator
 from providing additional prizes or promotions.
   (b)  The  commission shall approve the rules and the payment of prizes
 of a handicapping tournament. No operator of a  handicapping  tournament
 may  accept  an  entry  fee  for  a  tournament until the commission has
 approved the rules and the payment of prizes of a  handicapping  tourna-
 ment.
   (c)  The  horse  races which are the subject of the tournament must be
 races on which the operator of the tournament is authorized  to  conduct

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

2021-A7840A (ACTIVE) - Details

See Senate Version of this Bill:
S7034
Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §906, RWB L
Versions Introduced in 2023-2024 Legislative Session:
A3611, S1957

2021-A7840A (ACTIVE) - Summary

Specifies who can operate a handicapping tournament; requires handicapping tournament operators to distribute no less than eighty percent of entry fees as prizes to the winners of a handicapping tournament.

2021-A7840A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7840--A
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 27, 2021
                                ___________
 
 Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
   tee on Racing and Wagering -- recommitted to the Committee  on  Racing
   and  Wagering  in accordance with Assembly Rule 3, sec. 2 -- 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 handicapping tournaments
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 906 of the racing, pari-mutuel wagering and  breed-
 ing  law,  as  added by chapter 2 of the laws of 1995, and as renumbered
 and subdivision 1 as amended by chapter 18 of  the  laws  of  2008,  and
 paragraph  (b) of subdivision 2 as amended by chapter 243 of the laws of
 2020, is amended to read as follows:
   §  906.  Handicapping  tournaments.  1.  Notwithstanding   any   other
 provision  of  law, a thoroughbred racing corporation, INCLUDING A FRAN-
 CHISE CORPORATION,  a  harness  racing  corporation  or  association,  a
 regional  off-track  betting  corporation or a combination thereof, OR A
 PARTY THAT CONTRACTS WITH ANY OF THE FOREGOING, may operate a  handicap-
 ping tournament at which the participants may be charged an entry fee if
 the  tournament  is  conducted in accordance with the provisions of this
 section.
   2. (a) The operator of a handicapping tournament shall  distribute  NO
 LESS  THAN  EIGHTY  PERCENT  OF  all  of the entry fees as prizes to the
 winners of the tournament. Nothing herein  shall  preclude  an  operator
 from providing additional prizes or promotions.
   (b)  The  commission shall approve the rules and the payment of prizes
 of a handicapping tournament. No operator of a  handicapping  tournament
 may  accept  an  entry  fee  for  a  tournament until the commission has
 approved the rules and the payment of prizes of a  handicapping  tourna-
 ment.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11686-02-2

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