S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7629
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               April 1, 2025
                                ___________
 
 Introduced  by M. of A. STECK -- read once and referred to the Committee
   on Racing and Wagering
 
 AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
   relation to distributions for problem gambling education and treatment
   purposes
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 8 of section 1367 of  the  racing,  pari-mutuel
 wagering and breeding law, as added by section 3 of part Y of chapter 59
 of the laws of 2021, is amended to read as follows:
   8. Notwithstanding section thirteen hundred fifty-one of this article,
 mobile  sports  wagering  gross  gaming revenue and tax revenue shall be
 excluded from sports wagering gross  gaming  revenue  and  tax  revenue.
 Mobile  sports  wagering  tax revenue shall be separately maintained and
 returned to the state for deposit into the state lottery fund for educa-
 tion aid except as otherwise provided in this subdivision. Any  interest
 and  penalties  imposed  by  the commission relating to those taxes, all
 penalties levied and collected by the commission,  and  the  appropriate
 funds,  cash or prizes forfeited from sports wagering shall be deposited
 into the state lottery fund for education. In the first fiscal  year  in
 which  mobile  sports  wagering licensees commence operations and accept
 mobile sports wagers pursuant to this section, the commission shall  pay
 into  the commercial gaming fund one percent of the state tax imposed on
 mobile sports wagering by this section to  be  distributed  for  problem
 gambling  education  and  treatment  purposes pursuant to paragraph a of
 subdivision four of section ninety-seven-nnnn of the state finance  law;
 provided  however,  that  such  amount  shall  be  equal to [six] TWELVE
 million dollars for each fiscal year BEGINNING IN TWO  THOUSAND  TWENTY-
 FIVE  AND  thereafter.  In  the first fiscal year in which mobile sports
 wagering licensees commence operations and accept mobile  sports  wagers
 pursuant  to  this  section, the commission shall pay one percent of the
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11282-01-5
              

 A. 7629                             2
 
 state tax imposed on mobile sports  wagering  by  this  section  to  the
 general fund, a program to be administered by the office of children and
 family  services  for  a statewide youth sports activities and education
 grant  program  for  the  purpose  of  providing annual awards to sports
 programs for underserved youth under the age of eighteen years; provided
 however, that such amount shall be equal to  five  million  dollars  for
 each  fiscal  year  thereafter.  The  commission  shall require at least
 monthly deposits by a platform provider  of  any  payments  pursuant  to
 subdivision seven of this section, at such times, under such conditions,
 and  in  such  depositories  as  shall  be prescribed by the state comp-
 troller. The deposits shall be deposited to  the  credit  of  the  state
 commercial  gaming  revenue fund. The commission shall require a monthly
 report and reconciliation statement to be filed with it on or before the
 tenth day of each month, with respect to  gross  revenues  and  deposits
 received and made, respectively, during the preceding month.
   § 2. This act shall take effect immediately.