New York A 8789: Prohibits regional off-track betting corporations from providing items of value exceeding fifteen dollars to certain associates of the corporation

Bill Text

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A08789 Summary:

BILL NOA08789 

&nbsp

SAME ASSAME AS S06262

&nbsp

SPONSORPeoples-Stokes

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §503-b, amd §517, RWB L

&nbsp

Prohibits regional off-track betting corporations from providing items of value exceeding fifteen dollars to any board member, officer, or employee of the corporation, any contractor, subcontractor, consultant, or other agent of the corporation, or any spouse, child, sibling or parent of such persons; adds reporting requirements for regional off-track betting corporations.

Go to top A08789 Actions:

BILL NOA08789 

&nbsp

06/05/2025referred to racing and wagering

01/07/2026referred to racing and wagering

Go to topA08789 Committee&nbspVotes:

Go to topA08789 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA08789 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8789

 2025-2026 Regular Sessions

 IN ASSEMBLY

 June 5, 2025
 ___________

 Introduced by M. of A. PEOPLES-STOKES -- 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 prohibiting regional off-track betting corporations from
 providing items of value exceeding fifteen dollars to certain associ-
 ates of the corporation

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The racing, pari-mutuel wagering and breeding law is
 2 amended by adding a new section 503-b to read as follows:
 3 § 503-b. Promotional spending restricted from corporation associates.
 4 No regional off-track betting corporation or any subsidiary wholly or
 5 partially controlled by such regional off-track betting corporation,
 6 including but not limited to video lottery terminal facilities, shall
 7 make available to any board member, officer, or employee of the corpo-
 8 ration, any contractor, subcontractor, consultant, or other agent of the
 9 corporation, or any spouse, child, sibling or parent residing in the
 10 principal place of abode of any of the foregoing persons, or any busi-
 11 ness, professional, or personal associates of any of the foregoing
 12 persons, any event tickets, beverages, food, or other thing of value
 13 that exceeds a value of fifteen dollars, except as otherwise explicitly
 14 provided in this chapter. This limitation shall apply, but not be limit-
 15 ed to, the marketing plan and promotional activities of the corporation.
 16 All promotional and marketing activities of the corporation shall be
 17 subject to approval and oversight by the gaming commission, which shall
 18 ensure that such marketing plan and activities of the corporation
 19 prohibit self-dealing.
 20 § 2. Section 517 of the racing, pari-mutuel wagering and breeding law,
 21 as amended by chapter 243 of the laws of 2020, is amended to read as
 22 follows:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01752-01-5

 A. 8789 2

 1 § 517. Annual reports. In addition to the reports required by article
 2 five-a of this chapter, within one hundred twenty days after the end of
 3 the fiscal year of the corporation, the directors thereof shall submit
 4 to the participating counties, the commission, the temporary president
 5 of the senate, the speaker of the assembly, and the state comptroller a
 6 complete and detailed audited report setting forth:
 7 1. its operations and accomplishments during such fiscal year;
 8 2. its receipts and expenditures during such fiscal year in accordance
 9 with categories or classifications established by the corporation for
 10 its own operating and capital outlay purposes;
 11 3. its assets and liabilities at the end of such fiscal year including
 12 a schedule of its bonds, notes or other obligations and the status of
 13 reserves, depreciations, special, sinking or other funds;
 14 4. details of branch offices being planned or in the process of being
 15 constructed or otherwise established and branch offices that have been
 16 constructed or established;
 17 5. details of its marketing and promotional plans, the structure of
 18 such plans, any spending pursuant to such plans, and how such plans have
 19 or are ant