Bill > S03580

This bill clarifies and modifies provisions in the racing, pari-mutuel wagering and breeding law regarding conflicts of interest for public employees in the horse racing and gaming industries. The bill specifically amends existing regulations to define and limit the types of professional and financial relationships that public employees, including state and local government workers, can have with entities involved in horse racing, video lottery gaming, and other forms of legalized gambling. The bill introduces a detailed definition of "gaming activity" that encompasses various gambling formats, including pari-mutuel wagering, bingo, charitable games, and state lottery. It prohibits public employees from owning stock, holding positions, or selling goods and services to licensed racing or gaming organizations, with specific exceptions for diversified investments like mutual funds. Notably, the bill creates a specific carve-out for "participants" in horse racing activities (defined as horse owners, trainers, drivers, jockeys, or grooms), exempting them from certain conflict of interest restrictions. The amendments aim to create clearer boundaries for public employees' involvement in the horse racing and gaming sectors while providing some flexibility for specific racing-related roles. The bill will take effect 60 days after becoming law.

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https://www.nysenate.gov/legislation/bills/2025/S3580