New York A 5919: Relates to the disposition of net revenues of regional off-track betting corporations to participating counties

Bill Text

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A05919 Summary:

BILL NOA05919 

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SAME ASNo Same As

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SPONSORWoerner

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COSPNSR

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MLTSPNSR

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Amd §516, RWB L

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Provides that the disposition of net revenues of regional off-track betting corporations to participating counties may be divided on an annual, bi-annual or quarterly basis as determined by such corporations.

Go to top A05919 Actions:

BILL NOA05919 

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02/24/2025referred to racing and wagering

01/07/2026referred to racing and wagering

Go to topA05919 Committee&nbspVotes:

Go to topA05919 Floor&nbspVotes:

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

Go to topA05919 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5919

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 24, 2025
 ___________

 Introduced by M. of A. WOERNER -- read once and referred to the Commit-
 tee on Racing and Wagering

 AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
 relation to the disposition of net revenues of regional off-track
 betting corporations to participating counties

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

 1 Section 1. Subdivision 2 of section 516 of the racing, pari-mutuel
 2 wagering and breeding law, as amended by section 1 of part OO of chapter
 3 59 of the laws of 2018, is amended to read as follows:
 4 2. After payment of all of the costs of the corporation's functions,
 5 net revenue remaining to the corporation shall be divided among the
 6 participating counties in accordance with the following provisions:
 7 a. Each off-track betting corporation shall determine, at their
 8 organizational meeting, if such net revenue remaining to the corporation
 9 shall be divided to participating counties on an annual, bi-annual or
 10 quarterly basis, to be divided not more than thirty days after the close
 11 of the calendar year, the close of the bi-annual year (January-June and
 12 July-December) or calendar quarter;
 13 b. Fifty percent of such revenue distributed among the participating
 14 counties on the basis of the proportion of the total off-track pari-mu-
 15 tuel wagering accepted by the corporation during the previous period
 16 that originated in the branch offices located in each participating
 17 county;
 18 [b.] c. Fifty percent of such revenue on the basis of population, as
 19 defined as the total population in each participating county shown by
 20 the latest preceding decennial federal census completed and published as
 21 a final population count by the United States bureau of the census
 22 preceding the commencement of the calendar year in which such distrib-
 23 ution is to be made; and

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09416-01-5

 A. 5919 2

 1 [c.] d. A participating county containing a city electing to partic-
 2 ipate in the management and revenues of a corporation under subdivision
 3 two of section five hundred two of this article shall distribute revenue
 4 received under paragraphs [a] b and [b] c of this subdivision to such
 5 city according to the proportion such city's population bears to the
 6 county's population.
 7 § 2. This act shall take effect immediately.

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