Senate Bill S1956

2023-2024 Legislative Session

Mandates a fixed percentage for annual harness horse breeders awards and requires that all sire stakes funds generated by a specific racetrack be returned as purses to such track at the same level

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Racing, Gaming And Wagering 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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2023-S1956 (ACTIVE) - Details

See Assembly Version of this Bill:
A3565
Current Committee:
Senate Racing, Gaming And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §332, RWB L
Versions Introduced in 2021-2022 Legislative Session:
S9017, A10023

2023-S1956 (ACTIVE) - Summary

Mandates a fixed percentage of annual harness horse breeders awards; requires that all sire stakes funds generated by a specific racetrack be returned as purses to such track at the same level in order to allow New York to compete with states that have stronger awards programs.

2023-S1956 (ACTIVE) - Sponsor Memo

2023-S1956 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1956
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 17, 2023
                                ___________
 
 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 mandating a  fixed  percentage  of  annual  harness  horse
   breeders  awards and requiring that all sire stakes funds generated by
   a specific racetrack be returned as purses to such track at  the  same
   level
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The opening paragraph and paragraph f of subdivision  1  of
 section  332  of  the racing, pari-mutuel wagering and breeding law, the
 opening paragraph as amended by chapter 429 of  the  laws  of  2008  and
 paragraph f as amended by chapter 56 of the laws of 1991, are amended to
 read as follows:
   To collect and receive in each calendar year amounts to be paid to the
 fund  by  the  persons  or  corporations licensed to conduct pari-mutuel
 betting at harness racing tracks, an amount equal to three-fifths of one
 per centum of all moneys deposited in pari-mutuel betting pools  result-
 ing  from on-track bets at all races conducted by licensees at a harness
 horse meeting or races run thereat except that for super exotic  betting
 pools such amount shall be three per centum of such bets, as provided by
 paragraph c of subdivision one of section three hundred eighteen of this
 article  and  to collect and receive in each calendar year to be paid to
 the fund by each regional corporation, an amount equal  to  three-fifths
 of  one per centum of daily pools derived from off-track bets on harness
 races except that for super exotic betting pools such  amount  shall  be
 three per centum of such bets as provided by subdivision five of section
 five  hundred twenty-seven of this chapter; provided however, that after
 April first, nineteen hundred eighty-six, the amount to be collected and
 received from such licensees and regional corporations, except for super

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04723-01-3
              

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