US Laws, Codes, Statutes & Cases

 
    §  1017-b. Distribution.   Notwithstanding any other provision of this
  chapter, for the period July  twenty-fifth,  two  thousand  one  through
  September sixth, two thousand seven, when a nonprofit racing association
  is  conducting  a race meeting within the state at Saratoga Race Course,
  every off-track betting corporation branch office and every simulcasting
  facility licensed in accordance with section one  thousand  seven  (that
  has entered into a written agreement with such facility's representative
  horsemen's organization as approved by the board), one thousand eight or
  one  thousand  nine of this article shall be authorized to accept wagers
  and display the live simulcast signal from thoroughbred  tracks  located
  in  another  state,  provided  that such facility shall accept wagers on
  races run at all  in-state  thoroughbred  tracks  which  are  conducting
  racing  programs subject to the following provisions; provided, however,
  no such written agreement  shall  be  required  of  a  nonprofit  racing
  association  licensed  in  accordance with section one thousand seven of
  this article.
    Every facility authorized to  accept  wagers  on  out-of-state  tracks
  shall  distribute  all  sums  deposited  in  any pari-mutuel pool to the
  holder of winning tickets therein, provided such tickets  are  presented
  for payment prior to April first of the year following the year of their
  purchase,  the  retention  rates  and  breaks  shall be as prescribed by
  another state or country pursuant to section nine hundred seven of  this
  chapter.
    1.  Of  the sums so retained, the applicable tax rates shall be as set
  forth in this paragraph plus fifty  percent  of  the  breaks;  provided,
  however,  fifty percent of the breaks accruing from an off-track betting
  corporation licensed in accordance with section one  thousand  eight  of
  this  article  and  from  simulcast theatres licensed in accordance with
  section one thousand  nine  of  this  article,  shall  be  paid  to  the
  agriculture and New York state horse breeding and development fund.
    2.  a.  Of  the  sums  so  retained, one-half of one per centum of all
  wagers shall be paid to the New York  state  thoroughbred  breeding  and
  development  fund, except that of the sums so retained on such wagers at
  licensed harness tracks, one-half of one per centum shall be paid to the
  agriculture and New York state horse breeding and development fund.
    b. Any thoroughbred racing association or  corporation  or  non-profit
  racing  association  or  harness  racing  association  or corporation or
  off-track betting corporation shall pay to the racing and wagering board
  as a regulatory fee, which fee is hereby levied, fifty hundredths of one
  percent of all wagering pools.
    3. Distribution of wagers placed on out-of-state  thoroughbred  tracks
  at  facilities licensed in accordance with section one thousand eight or
  one thousand nine of this article.
    The following percentages of the sums  so  retained  on  days  when  a
  non-profit racing association is conducting a meeting within the state
 
                          Regular     Multiple     Exotic     Super exotic
                           bets         bets        bets          bets
  State tax                 .25          .25         .25           .25
 
  Thoroughbred racing
  association or
  corporation               .50          .50         .50           .50
 
  Thoroughbred racing
  association or
  corporation payments
  to purses                 .50          .50         .50           .50
  Nonprofit racing
  association              3.25         3.25        3.25          3.25
 
  Nonprofit racing
  association
  payments to purses       3.25         3.25        3.25          3.25
    4.  Payments  to  purses as required pursuant to paragraphs c and d of
  this subdivision shall be paid to the thoroughbred racing association or
  corporation,  or  to  the  nonprofit  racing  association  to  be   used
  exclusively  for  the  purpose  of  increasing purses, including stakes,
  premiums and prizes.
    5. For wagers placed on an out-of-state track at  a  nonprofit  racing
  association  the  state  tax  shall be one-quarter of one percent of all
  wagers and three and one-quarter of one percent shall be utilized  by  a
  nonprofit  racing  association exclusively for the purpose of increasing
  purses,  including  stakes,  premiums  and  prizes  identified  to  sums
  retained for each type of on-track wager.
    6.  The  following percentages of the distribution of wagers placed on
  out-of-state thoroughbred tracks at facilities  licensed  in  accordance
  with section one thousand seven of this article. Of the sums so retained
  on  days  when  a  nonprofit  racing association is conducting a meeting
  within the state
 
                          Regular     Multiple     Exotic     Super exotic
                           bets         bets        bets          bets
  State tax                 .25          .25         .25          .25
 
  Thoroughbred racing
  association
  or corporation            .50          .50         .50          .50
 
  Thoroughbred racing
  association or
  corporation payments
  to purses                 .50          .50         .50          .50
 
  Nonprofit racing
  association                2            2           2            2
 
  Nonprofit racing
  association payments
  to purses                  2            2           2            2