New York 2025-2026 Regular Session

New York Senate Bill S04550

Introduced
2/6/25  
Refer
2/6/25  

Caption

Requires written consent of the New York thoroughbred horsemen's association representing at least fifty-one percent of the horsemen using the facilities of the franchised corporation prior to allocation or spending of funds from certain accounts.

Summary

Bill S04550 seeks to amend the racing, pari-mutuel wagering and breeding law in New York by requiring that any allocation or spending of purse monies from certain accounts must receive prior written consent from the New York thoroughbred horsemen's association, specifically from those representing at least fifty-one percent of the horsemen using the facilities of the franchised corporation. This amendment aims to ensure that the distribution of purse monies is conducted more equitably among the horsemen involved in the racing industry.

Impact

The bill's passage would significantly alter the financial governance of purse distribution in New York's horse racing industry. By mandating the consent of a majority of horsemen, it aims to enhance transparency and fairness in how funds are allocated, potentially leading to a more equitable distribution of resources among participants. This change could affect existing agreements and practices regarding purse allocation, necessitating adjustments in the operations of the franchised corporation and the horsemen's association.

Sentiment

The sentiment surrounding Bill S04550 appears to be cautiously optimistic among proponents who believe it will lead to fairer practices in the industry. However, there may be concerns from those who fear that requiring majority consent could slow down the allocation process or lead to disputes among horsemen. The lack of recorded votes or detailed committee discussions makes it difficult to gauge the full extent of support or opposition at this time.

Contention

Notable points of contention may arise from the potential for disagreements among horsemen regarding the allocation of funds, especially if there are factions within the horsemen's association. Some may argue that this requirement could hinder timely access to funds necessary for operations, while others may advocate for it as a necessary check on the franchised corporation's spending decisions. The balance between ensuring equitable distribution and maintaining operational efficiency will likely be a key area of debate.

Companion Bills

NY A03680

Same As Requires written consent of the New York thoroughbred horsemen's association representing at least fifty-one percent of the horsemen using the facilities of the franchised corporation prior to allocation or spending of funds from certain accounts.

Previously Filed As

NY A03680

Requires written consent of the New York thoroughbred horsemen's association representing at least fifty-one percent of the horsemen using the facilities of the franchised corporation prior to allocation or spending of funds from certain accounts.

NY S02612

Relates to welfare, medical, and retirement plans provided by a horsemen's organization in the absence of contractual obligations; provides in the absence of a contract between the licensed harness racing corporation or association and the representative horsemen's organization, the state gaming commission shall require such corporation or association to pay to the horsemen's organization an amount determined in accordance with the previously negotiated contract for welfare, medical, or retirement plans, including any associated costs, provided by the horsemen's organization to participants in racing at the licensed harness racing facility; provides the amounts shall be paid monthly from the horsemen's gross purse enhancement amount from video lottery gaming.

NY A08206

Relates to welfare, medical, and retirement plans provided by a horsemen's organization in the absence of contractual obligations; provides in the absence of a contract between the licensed harness racing corporation or association and the representative horsemen's organization, the state gaming commission shall require such corporation or association to pay to the horsemen's organization an amount determined in accordance with the previously negotiated contract for welfare, medical, or retirement plans, including any associated costs, provided by the horsemen's organization to participants in racing at the licensed harness racing facility; provides the amounts shall be paid monthly from the horsemen's gross purse enhancement amount from video lottery gaming.

NY S08787

Relates to welfare, medical, and retirement plans provided by a horsemen's organization in the absence of contractual obligations; provides that in the absence of a contract between the licensed harness racing corporation or association and the representative horsemen's organization, the previous contract shall be automatically extended for a one-time period of twelve months commencing from the date that the previously negotiated contract expired.

NY S09600

Requires an off-track betting corporation that accepts wagers on the simulcasts of thoroughbred races from out-of-state or out-of-country to pay to its regional harness track or tracks an amount equal to three percent of handle generated from the acceptance of such wagers from out-of-state or out-of-country thoroughbred tracks after 7:30 P.M.

NY A09432

Relates to welfare, medical, and retirement plans provided by a horsemen's organization in the absence of contractual obligations; provides that in the absence of a contract between the licensed harness racing corporation or association and the representative horsemen's organization, the previous contract shall be automatically extended for a one-time period of twelve months commencing from the date that the previously negotiated contract expired.

NY A10515

Requires an off-track betting corporation that accepts wagers on the simulcasts of thoroughbred races from out-of-state or out-of-country to pay to its regional harness track or tracks an amount equal to three percent of handle generated from the acceptance of such wagers from out-of-state or out-of-country thoroughbred tracks after 7:30 P.M.

KS SB21

Amending the Kansas parimutuel racing act regarding qualifications for an organization license, the definition of horsemen's associations and horsemen's nonprofit organizations and the distribution of certain tax revenues.

NY S08419

Provides that from April 1, 2025 to March 31, 2026, twenty-three percent of funds in the Catskill off-track betting corporation's capital acquisition fund shall be made available for certain past due obligations; requires such corporation to submit an expenditure plan for approval before accessing such funds.

NY A08892

Provides that from April 1, 2025 to March 31, 2026, twenty-three percent of funds in the Catskill off-track betting corporation's capital acquisition fund shall be made available for certain past due obligations; requires such corporation to submit an expenditure plan for approval before accessing such funds.

Similar Bills

No similar bills found.