Senate Bill S1957

2023-2024 Legislative Session

Relates to handicapping tournaments

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Finance 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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Bill Amendments

co-Sponsors

2023-S1957 - Details

See Assembly Version of this Bill:
A3611
Current Committee:
Senate Finance
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §906, RWB L
Versions Introduced in 2021-2022 Legislative Session:
S7034, A7840

2023-S1957 - 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; requires that five percent of the portion of the gross revenue collected by an operator on handicapping tournament entry fees from New York participants that is not distributed as prizes to the winners of a tournament be distributed quarterly by such operator to the horsemen's organization for welfare and medical plans for regularly employed backstretch employees.

2023-S1957 - Sponsor Memo

2023-S1957 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1957
 
                        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 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
 approved  the  rules and the payment of prizes of a handicapping tourna-
 ment.
   (c) The horse races which are the subject of the  tournament  must  be
 races  on  which the operator of the tournament is authorized to conduct

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04616-01-3

co-Sponsors

2023-S1957A (ACTIVE) - Details

See Assembly Version of this Bill:
A3611
Current Committee:
Senate Finance
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §906, RWB L
Versions Introduced in 2021-2022 Legislative Session:
S7034, A7840

2023-S1957A (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; requires that five percent of the portion of the gross revenue collected by an operator on handicapping tournament entry fees from New York participants that is not distributed as prizes to the winners of a tournament be distributed quarterly by such operator to the horsemen's organization for welfare and medical plans for regularly employed backstretch employees.

2023-S1957A (ACTIVE) - Sponsor Memo

2023-S1957A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1957--A
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 17, 2023
                                ___________
 
 Introduced  by  Sens. ADDABBO, COMRIE -- read twice and ordered printed,
   and when printed to be committed to the Committee  on  Racing,  Gaming
   and  Wagering  -- reported favorably from said committee and committed
   to the Committee on Finance --  committee  discharged,  bill  amended,
   ordered reprinted as amended and recommitted to said committee

 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
 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.
                                                            LBD04616-02-3

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