senate Bill S7034A

2021-2022 Legislative Session

Relates to handicapping tournaments

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Racing, Gaming And Wagering Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Sep 14, 2022 print number 7034a
Sep 14, 2022 amend (t) and recommit to racing, gaming and wagering
Jan 05, 2022 referred to racing, gaming and wagering
May 25, 2021 referred to racing, gaming and wagering

S7034 - Details

See Assembly Version of this Bill:
A7840
Current Committee:
Senate Racing, Gaming And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §906, RWB L

S7034 - 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.

S7034 - Sponsor Memo

S7034 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7034
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               May 25, 2021
                                ___________
 
 Introduced  by  Sen. ADDABBO -- 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 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.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11686-01-1

S7034A (ACTIVE) - Details

See Assembly Version of this Bill:
A7840
Current Committee:
Senate Racing, Gaming And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §906, RWB L

S7034A (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.

S7034A (ACTIVE) - Sponsor Memo

S7034A (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7034--A
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               May 25, 2021
                                ___________
 
 Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
   printed to be committed to the Committee on Racing, Gaming and  Wager-
   ing  -- recommitted to the Committee on Racing, Gaming and Wagering in
   accordance with Senate Rule 6, sec. 8 --  committee  discharged,  bill
   amended,  ordered reprinted as amended and recommitted to said commit-
   tee
 
 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

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11686-03-2
 S. 7034--A                          2

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