Senate Bill S8433

2025-2026 Legislative Session

Relates to wagers on certain horse racing events and authorizes agreements between a mobile sports wagering operator, mobile sports wagering licensee, or operator and certain entities

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Current Bill Status - In Senate Committee Rules Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Date of Action	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jun 11, 2025	referred to rules

2025-S8433 (ACTIVE) - Details

Current Committee:: Senate Rules
Law Section:: Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:: Amd §1367, RWB L

2025-S8433 (ACTIVE) - Summary

Relates to wagers on certain horse racing events; authorizes agreements between a mobile sports wagering operator, mobile sports wagering licensee, or operator and an entity that possesses a license and that has the authority to conduct pari-mutuel wagering on the form of racing involved in the relevant horse racing event, involving wagers to be made solely by residents of the state of New York while located within New York, and subject to the approval of the commission.

2025-S8433 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S8433

SPONSOR: ADDABBO
 
TITLE OF BILL:

An act to amend the racing, pari-mutuel wagering and breeding law, in
relation to wagers on certain horse racing events and authorizing agree-
ments between a mobile sports wagering operator, mobile sports wagering
licensee, or operator and certain entities; and providing for the repeal
of such provisions upon expiration thereof  
PURPOSE:

To establish a program pursuant to which fixed odds sports wagering may
be made on certain horse racing events.   
SUMMARY OF PROVISIONS:

Section 1. Amends section 1367(1) of the Racing, Pari-Mutuel Wagering
and Breeding Law to add definitions of "horse racing event" and "fixed
odds sports wagering agreement."

Section 2. Amends section 1367(1)(s) of the Racing, Pari-Mutuel Wagering
and Breeding Law to make clear that a "prohibited sports event" for
purposes of sports wagering shall only include those horse racing events
where there is not otherwise a Fixed odds sports wagering agreement in

place.

Section 3. Amends section 1367(2) by adding a new paragraph that details
how fixed odds may be accepted on horse racing, subject to a fixed odds
sports wagering agreement and explains who may enter into such agree-
ments, subject to the Gaming Commission's approval. The new paragraph
also ensures that the applicable horsemen's association shall have the
opportunity to enter into an agreement with the track offering fixed
odds to set for the type of fixed odds wagers that will be permitted.
The law would similarly detail how the revenues generated from such
arrangements would be distributed between the thoroughbred and standard-
bred industries, and then details how, within each of those industries,
the revenues would be allocated.  That includes supports for purses and
the applicable breeding funds.

Section 4. Provides for an April 1, 2026 effective date and a three year
sunset date.

 
JUSTIFICATION:

As part of the 2021 enacted budget, New York State authorized the Gaming
Commission to license mobile sports wagering operators. Those licenses
have since been awarded to entities tasked with offering gaming opportu-
nities that will lead to the best financial opportunities for the state
of New York and in the years following the issuance of the licenses, New
York has collected billions of dollars in taxes on mobile sports bets,
most of which is allocated to education funding. This State revenue has
the potential to grow if the law was adjusted to ensure that horse
tracks and sports wagering providers were authorized to enter into
agreements that would allow for New Yorkers to make fixed odds wagers on
horse racing. This would both help grow the sports wagering tax revenue,
while also open new opportunities for parimutuel wagering. This legis-
lation would enable sports wagering providers to offer that opportunity,
should they so choose, but only if they enter into an agreement with the
horse racing content provider. If enacted, these changes could generate
as much as a quarter of a billion dollars in new tax revenue for the
State of New York.
 
LEGISLATIVE HISTORY:

New Bill.

 
FISCAL IMPLICATIONS:

TBD

 
EFFECTIVE DATE:
This act shall take effect April 1, 2026,

2025-S8433 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8433
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               June 11, 2025
                                ___________
 
 Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
   relation  to  wagers  on  certain  horse racing events and authorizing
   agreements between a mobile sports wagering  operator,  mobile  sports
   wagering licensee, or operator and certain entities; and providing for
   the repeal of such provisions upon expiration thereof
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraphs (bb) and (cc) of subdivision 1 of  section  1367
 of  the  racing,  pari-mutuel  wagering  and breeding law, as amended by
 section 3 of part Y of chapter 59 of the laws of 2021, are  amended  and
 two new paragraphs (dd) and (ee) are added to read as follows:
   (bb)  "Suspicious  wagering  activity" means unusual wagering activity
 that cannot be explained and is indicative of match fixing, the  manipu-
 lation  of  an  event, misuse of inside information, or other prohibited
 activity; [and]
   (cc) "Independent integrity monitor" means an  independent  individual
 or  entity  approved  by  the  commission  to receive reports of unusual
 wagering activity from a casino, mobile  sports  wagering  licensee,  or
 commission for the purpose of assisting in identifying suspicious wager-
 ing activity[.];
   (DD)  "HORSE RACING EVENT" MEANS ANY SPORT OR ATHLETIC EVENT CONDUCTED
 IN NEW YORK STATE SUBJECT TO THE PROVISIONS OF ARTICLE TWO, THREE, FIVE,
 NINE, OR TEN OF THIS CHAPTER, AS WELL AS ANY  SPORT  OR  ATHLETIC  EVENT
 CONDUCTED  OUTSIDE OF NEW YORK STATE WHICH WOULD OTHERWISE BE SUBJECT TO
 THE PROVISIONS OF ARTICLES TWO, FIVE, NINE,  OR  TEN  OF  THIS  CHAPTER.
 "HORSE  RACING  EVENT" SHALL NOT INCLUDE HARNESS RACES CONDUCTED OUTSIDE
 OF NEW YORK STATE; AND
   (EE) "FIXED ODDS SPORTS WAGERING AGREEMENT" MEANS AN AGREEMENT BETWEEN
 A MOBILE SPORTS WAGERING OPERATOR, MOBILE SPORTS WAGERING  LICENSEE,  OR
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13379-01-5

 S. 8433                             2
 
 OPERATOR  AND  AN  ENTITY  THAT  POSSESSES A LICENSE AWARDED PURSUANT TO
 ARTICLE TWO OR THREE OF THIS CHAPTER THAT HAS THE AUTHORITY  TO  CONDUCT
 PARI-MUTUEL  WAGERING  ON  THE  FORM  OF RACING INVOLVED IN THE RELEVANT
 HORSE  RACING  EVENT, INVOLVING WAGERS TO BE MADE SOLELY BY RESIDENTS OF
 THE STATE OF NEW YORK WHILE LOCATED WITHIN NEW YORK, AND SUBJECT TO  THE
 APPROVAL OF THE COMMISSION.
   §  2.  Paragraph  (s)  of subdivision 1 of section 1367 of the racing,
 pari-mutuel wagering and breeding law, as amended by section 3 of part Y
 of chapter 59 of the laws of 2021, is amended to read as follows:
   (s) "Prohibited sports event" means a sport or athletic event in which
 any New York college team participates regardless  of  where  the  event
 takes  place,  [or]  A  high  school sport or athletic event, OR A HORSE
 RACING EVENT, UNLESS SUCH HORSE RACING EVENT IS BEING  OFFERED  PURSUANT
 TO  A FIXED ODDS SPORTS WAGERING AGREEMENT, AS DEFINED IN PARAGRAPH (EE)
 OF THIS SUBDIVISION. The following shall not  be  considered  prohibited
 sports  events:  (i)  a  collegiate  tournament, and (ii) a sports event
 within such tournament so long as no New York college  team  is  partic-
 ipating in that particular sports event;
   § 3. Subdivision 2 of section 1367 of the racing, pari-mutuel wagering
 and  breeding  law is amended by adding a new paragraph (e-1) to read as
 follows:
   (E-1)(I)(1) A MOBILE SPORTS WAGERING OPERATOR, MOBILE SPORTS  WAGERING
 LICENSEE,  OR  OPERATOR  MAY ACCEPT A FIXED ODDS WAGER ON A HORSE RACING
 EVENT IF SUCH MOBILE SPORTS WAGERING OPERATOR,  MOBILE  SPORTS  WAGERING
 LICENSEE,  OR  OPERATOR  HAS  ENTERED  INTO A FIXED ODDS SPORTS WAGERING
 AGREEMENT WITH AN ENTITY THAT HAS THE AUTHORITY TO PROVIDE  THE  CONTENT
 OF  SUCH  HORSE  RACING  EVENT  PURSUANT TO ARTICLE TWO OR THREE OF THIS
 CHAPTER. IN FURTHERANCE OF ANY FIXED ODDS SPORTS WAGERING AGREEMENT,  AN
 ENTITY THAT HOLDS A FRANCHISE OR LICENSE PURSUANT TO ARTICLE TWO OF THIS
 CHAPTER MAY ONLY OFFER CONTENT INVOLVING THOROUGHBRED RACES AND AN ENTI-
 TY  THAT  HOLDS  A LICENSE PURSUANT TO ARTICLE THREE OF THIS CHAPTER MAY
 ONLY OFFER CONTENT INVOLVING STANDARDBRED RACES, EXCEPT THAT  AN  ENTITY
 THAT  HOLDS  A  LICENSE  PURSUANT  TO  ARTICLE THREE OF THIS CHAPTER MAY
 AUTHORIZE AN ENTITY THAT HOLDS A FRANCHISE OR LICENSE PURSUANT TO  ARTI-
 CLE  TWO  OF  THIS  CHAPTER TO NEGOTIATE ON ITS BEHALF, SUBJECT TO FINAL
 APPROVAL OF THE ENTITY THAT HOLDS A LICENSE PURSUANT TO ARTICLE THREE OF
 THIS CHAPTER. ANY FIXED ODDS SPORTS WAGERING AGREEMENT  WITH  AN  ENTITY
 THAT  HAS  THE  AUTHORITY TO PROVIDE THE CONTENT OF A HORSE RACING EVENT
 SHALL REQUIRE THE APPROVAL OF THE APPLICABLE HORSEMEN'S ASSOCIATION.
   (2) ALL FIXED ODDS SPORTS WAGERING AGREEMENTS MUST BE APPROVED BY  THE
 COMMISSION  PRIOR  TO  TAKING EFFECT. ANY CONTENT OFFERED PURSUANT TO AN
 APPROVED FIXED ODDS SPORTS WAGERING AGREEMENT SHALL SUBSEQUENTLY BE MADE
 AVAILABLE TO ANY INTERESTED  MOBILE  SPORTS  WAGERING  OPERATOR,  MOBILE
 SPORTS  WAGERING LICENSEE, OR OPERATOR ON COMMERCIALLY REASONABLE TERMS,
 AS DETERMINED BY THE COMMISSION.
   (II) ANY HOLDER OF A PARI-MUTUEL WAGERING FRANCHISE OR LICENSE  PURSU-
 ANT  TO  ARTICLE  TWO  OR THREE OF THIS CHAPTER THAT ENTERS INTO A FIXED
 ODDS SPORTS WAGERING AGREEMENT SHALL: (1) MAKE A  COPY  OF  SUCH  SPORTS
 WAGERING  AGREEMENT  AVAILABLE TO THE APPLICABLE HORSEMEN'S ASSOCIATION;
 AND (2) SEPARATELY MAINTAIN AN AGREEMENT WITH THE APPLICABLE  HORSEMEN'S
 ASSOCIATION,  SETTING  FORTH  THE TYPE OF WAGERS THAT MAY BE PLACED ON A
 HORSE RACING EVENT AND ON  WHICH  HORSE  RACING  EVENTS  WAGERS  MAY  BE
 PLACED.
   (III)(1)  NOTWITHSTANDING ANY PROVISION OF LAW, RULE, OR REGULATION TO
 THE CONTRARY, ANY AND ALL PAYMENTS MADE  BY  A  MOBILE  SPORTS  WAGERING
 OPERATOR,  MOBILE  SPORTS WAGERING LICENSEE, OR OPERATOR PURSUANT TO ANY
 S. 8433                             3
 
 FIXED ODDS SPORTS WAGERING AGREEMENT AS DEFINED  IN  PARAGRAPH  (EE)  OF
 SUBDIVISION  ONE  OF  THIS  SECTION, SHALL BE ALLOCATED IN THE FOLLOWING
 AMOUNTS FOR ANY AMOUNT GENERATED DURING A CALENDAR YEAR:  TWO-THIRDS  TO
 THE  THOROUGHBRED INDUSTRY AND THE REMAINING ONE-THIRD TO HARNESS RACING
 ASSOCIATIONS AND CORPORATIONS. FOR PURPOSES OF THIS PARAGRAPH,  PAYMENTS
 MADE  PURSUANT  TO  A FIXED ODDS SPORTS WAGERING AGREEMENT SHALL INCLUDE
 WAGERING REVENUE, SIGNING OR  OTHER  START-UP  FEES,  EXCLUSIVITY  FEES,
 MARKET  GO LIVE FEES, AND ANY OTHER HORSE RACING CONTENT FEES, BUT SHALL
 NOT INCLUDE ANY REVENUE GENERATED FOR  SPONSORSHIPS  OR  OTHER  PAYMENTS
 UNRELATED  TO  THE  TERMS  OF A FIXED ODDS SPORTS WAGERING AGREEMENT, AS
 DEFINED IN SUBDIVISION ONE OF THIS SECTION.
   (2) A. OF THE PAYMENTS ALLOCATED TO THE THOROUGHBRED  INDUSTRY,  FIVE-
 SIXTHS  SHALL  BE  ALLOCATED TO THE FRANCHISED CORPORATION AND ONE-SIXTH
 SHALL BE ALLOCATED TO A THOROUGHBRED RACING ASSOCIATION. OF THOSE FUNDS,
 PAYMENT OF AN AMOUNT EQUAL  TO  FORTY-THREE  PERCENT  OF  THE  ALLOCATED
 PAYMENT  SHALL  BE  PAID  INTO  AN  ACCOUNT FOR ENHANCING PURSES AT SUCH
 RACING ASSOCIATION OR CORPORATION OR FRANCHISED CORPORATION,  AND  SEVEN
 PERCENT SHALL BE CONTRIBUTED TO THE NEW YORK STATE THOROUGHBRED BREEDING
 AND  DEVELOPMENT  FUND  CORPORATION  ESTABLISHED PURSUANT TO SECTION TWO
 HUNDRED FIFTY-TWO OF THIS CHAPTER.
   B. OF THE PAYMENTS ALLOCATED TO THE HARNESS  RACING  ASSOCIATIONS  AND
 CORPORATIONS,  PAYMENT  OF AN AMOUNT EQUAL TO FORTY-THREE PERCENT OF THE
 ALLOCATED PAYMENT SHALL BE PAID INTO AN ACCOUNT FOR ENHANCING PURSES  AT
 SUCH  RACING  ASSOCIATIONS  OR  CORPORATIONS, AND SEVEN PERCENT SHALL BE
 CONTRIBUTED TO THE AGRICULTURE AND NEW YORK STATE HORSE BREEDING  DEVEL-
 OPMENT FUND ESTABLISHED PURSUANT TO SECTION THREE HUNDRED THIRTY OF THIS
 CHAPTER. THE REMAINING FORTY-THREE PERCENT TO BE ALLOCATED FOR ENHANCING
 PURSES  AND  THE  REMAINING  FIFTY  PERCENT  OF  THE FUNDS ALLOCATED FOR
 HARNESS RACING ASSOCIATIONS AND  CORPORATIONS,  SHALL  BE  ALLOCATED  TO
 INDIVIDUAL HARNESS RACING ASSOCIATIONS AND CORPORATIONS BASED ON A RATIO
 WHERE THE NUMERATOR IS THE ASSOCIATION'S OR CORPORATION'S TOTAL IN-STATE
 HANDLE  ON  LIVE  RACING FOR THE PREVIOUS CALENDAR YEAR AS CALCULATED BY
 THE COMMISSION AND THE DENOMINATOR IS THE TOTAL IN-STATE ON LIVE  HANDLE
 FOR  ALL  HARNESS  RACING ASSOCIATIONS AND CORPORATIONS FOR THE PREVIOUS
 CALENDAR YEAR AS CALCULATED BY THE COMMISSION.
   (3) IN ORDER TO ENSURE  APPROPRIATE  DISTRIBUTION  BY  AND  AMONG  THE
 TRACKS,  EACH  HOLDER  OF  A  PARI-MUTUEL  WAGERING FRANCHISE OR LICENSE
 PURSUANT TO ARTICLE TWO OR THREE OF THIS  CHAPTER  THAT  ENTERS  INTO  A
 FIXED  ODDS  SPORTS WAGERING AGREEMENT SHALL NOTIFY EACH OTHER THOROUGH-
 BRED AND HARNESS TRACK ON OR PRIOR TO THE TWENTIETH DAY OF  EACH  MONTH,
 OF  ANY  AND  ALL  PAYMENTS  MADE  BY A MOBILE SPORTS WAGERING OPERATOR,
 MOBILE SPORTS WAGERING LICENSEE, OR OPERATOR PURSUANT TO ANY FIXED  ODDS
 SPORTS  WAGERING  AGREEMENT,  INCLUDING  BUT NOT LIMITED TO HORSE RACING
 CONTENT FEES, GENERATED DURING THE PRIOR MONTH.
   § 4. This act shall take effect April 1, 2026 and shall  expire  March
 31,  2029 when upon such date the provisions of this act shall be deemed
 repealed.

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Senate Bill S8433

Sponsored By

Current Bill Status - In Senate Committee Rules Committee

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2025-S8433 (ACTIVE) - Details

2025-S8433 (ACTIVE) - Summary

2025-S8433 (ACTIVE) - Sponsor Memo

2025-S8433 (ACTIVE) - Bill Text download pdf

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Sponsored By

Joseph P. Addabbo Jr.

Current Bill Status - In Senate Committee Rules Committee

Actions

2025-S8433 (ACTIVE) - Details

2025-S8433 (ACTIVE) - Summary

2025-S8433 (ACTIVE) - Sponsor Memo

2025-S8433 (ACTIVE) - Bill Text download pdf

Comments