New York Assembly Bill A05919

New York 2025-2026 Regular Session

• Introduced: 2/24/25
• Refer: 2/24/25
• Refer: 1/7/26

Caption

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.

Summary

Bill A05919 proposes amendments to the racing, pari-mutuel wagering and breeding law, specifically regarding how net revenues from regional off-track betting corporations are distributed to participating counties. The bill allows these corporations to decide whether to distribute their net revenues on an annual, bi-annual, or quarterly basis, providing flexibility in the timing of revenue sharing. Additionally, it outlines the distribution formula, where 50% of the revenue is allocated based on the total off-track pari-mutuel wagering from each participating county, and the other 50% is distributed according to the population of each county as determined by the latest federal census.

Impact

The bill will impact the financial operations of regional off-track betting corporations and the participating counties that receive revenue from them. By allowing for different distribution timelines, counties may experience more consistent cash flow, which could aid in budgeting and financial planning. The changes to the revenue distribution formula may also affect how much funding each county receives, depending on their population and wagering activity, potentially leading to shifts in funding for local projects or services.

Sentiment

The sentiment around Bill A05919 appears to be neutral, as there have been no recorded votes or significant opposition noted in the committee discussions. The flexibility offered by the bill may be seen as beneficial by some stakeholders, particularly those in counties that participate in off-track betting operations.

Contention

There are currently no notable points of contention surrounding the bill, as it has not faced significant debate or opposition in committee discussions or voting history. However, potential concerns could arise regarding the fairness of revenue distribution among counties, depending on their population and wagering activity.