Requires a regional off-track betting corporation that is comprised in the capital district to distribute unclaimed winnings and refunds to participating counties comprising the capital district corporation; provides penalties for late distributions; provides for the remittance of pari-mutuel wagering taxes.
S T A T E O F N E W Y O R K
________________________________________________________________________
10231
I N A S S E M B L Y
February 12, 2026
___________
Introduced by M. of A. McDONALD -- 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 unclaimed winnings and refunds and the remittance of taxes
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 529 of the racing, pari-mutuel wagering and breed-
ing law is amended by adding a new subdivision 3 to read as follows:
3. NOTWITHSTANDING SUBDIVISION TWO OF THIS SECTION, FOR A REGIONAL
OFF-TRACK BETTING CORPORATION THAT IS COMPRISED IN THE CAPITAL DISTRICT,
ONE HUNDRED PERCENT OF THE BALANCE OF SUCH ACCOUNT REMAINING UNCLAIMED
AS OF THE LAST DAY OF FEBRUARY OF SUCH YEAR SHALL BE DISTRIBUTED PURSU-
ANT TO SECTION FIVE HUNDRED SIXTEEN OF THIS CHAPTER TO PARTICIPATING
COUNTIES COMPRISING THE CAPITAL DISTRICT CORPORATION BY MARCH FIFTEENTH.
A PENALTY OF FIVE PERCENT AND INTEREST AT THE RATE OF ONE PERCENT PER
MONTH FROM THE DUE DATE TO THE DATE OF PAYMENT OF THE UNCLAIMED BALANCE
DUE APRIL FIRST SHALL BE PAYABLE IN CASE SUCH BALANCE IS NOT PAID WHEN
DUE UNDER THIS SECTION.
§ 2. Subdivision 3 of section 136 of the racing, pari-mutuel wagering
and breeding law, as added by section 1 of subpart A of part FF of chap-
ter 59 of the laws of 2025, is amended to read as follows:
3. All pari-mutuel wagering taxes shall be collected and remitted in
the same manner as such taxes were collected and remitted prior to the
enactment of this section; PROVIDED HOWEVER, FOR A REGIONAL OFF-TRACK
BETTING CORPORATION THAT IS COMPRISED IN THE CAPITAL DISTRICT, SHALL
REMIT SUCH PAYMENTS TO PARTICIPATING COUNTIES IN THE SAME FASHION AS
REQUIRED BY SECTION FIVE HUNDRED SIXTEEN OF THIS CHAPTER.
§ 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14403-02-6
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