Bill > A05958

This bill amends the racing, pari-mutuel wagering and breeding law to mandate that any net revenue distributed to participating counties or cities by regional off-track betting (OTB) corporations must be used exclusively for real property tax relief. Off-track betting refers to wagering on horse racing events that occur at a location away from the racetrack where the race is actually taking place. Currently, regional OTB corporations distribute net revenue to participating counties and cities, but this bill specifically requires that those funds can only be used to reduce property taxes for local residents. The bill would take effect immediately upon passage, meaning that as soon as it becomes law, any future net revenue from regional OTB corporations must be directed solely toward property tax reduction in the participating local jurisdictions.

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https://www.nysenate.gov/legislation/bills/2025/A5958