New York A05919 allows regional off-track betting corporations to decide how to distribute net revenues to participating counties.

New York A05919 amends the racing, pari-mutuel wagering, and breeding law to allow regional off-track betting corporations to choose how to distribute net revenues to participating counties. The distribution can occur annually, bi-annually, or quarterly, as determined by the corporation. The bill also specifies that fifty percent of the revenue should be divided based on the proportion of off-track pari-mutuel wagering originating in each county, while the other fifty percent should be divided according to population counts. This act takes effect immediately.

New York A05919 allows regional off-track betting corporations to decide how to distribute net revenues to participating counties.

New York A05919 amends the racing, pari-mutuel wagering, and breeding law to allow regional off-track betting corporations to choose how to distribute net revenues to participating counties. The distribution can occur annually, bi-annually, or quarterly, as determined by the corporation. The bill also specifies that fifty percent of the revenue should be divided based on the proportion of off-track pari-mutuel wagering originating in each county, while the other fifty percent should be divided according to population counts. This act takes effect immediately.