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Bill > S06594


NY S06594

NY S06594
Relates to the investment of funds wagered on video lottery gaming for certain horse races.


summary

Introduced
03/18/2025
In Committee
01/07/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to the investment of funds wagered on video lottery gaming for certain horse races; to repeal certain provisions of the tax law relating thereto; and to repeal paragraph (b) of subdivision 1 of section 1355 of the racing, pari-mutuel wagering and breeding law relating thereto

AI Summary

This bill modifies how funds from video lottery gaming at various racetracks in New York are allocated, fundamentally shifting the focus from supporting the horse racing industry to funding education. Specifically, the bill redirects percentages of vendor fees previously designated for racing-related purposes (such as enhancing purses, breeding funds, and capital expenditures) to instead be deposited into the state lottery fund for additional grants to school districts. These grants will prioritize schools serving students with disabilities and schools with preschool special education programs. For example, at Aqueduct racetrack, instead of supporting racing purses, 6.5-7.5% of total wagered funds will now go directly to the state education system. The bill removes previous provisions about funding horse racing operations, breeding programs, and jockey health insurance, and replaces them with education-focused funding mechanisms. Additionally, the bill makes similar changes for video lottery gaming facilities in Nassau, Suffolk, Orange, and other counties, consistently redirecting racing-related funds toward educational grants. The legislation aims to reprioritize the allocation of video lottery gaming revenues from supporting the horse racing industry to supporting public education.

Committee Categories

Business and Industry

Sponsors (8)

Last Action

REFERRED TO RACING, GAMING AND WAGERING (on 01/07/2026)

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