STATE OF NEW YORK ________________________________________________________________________ 9752 IN ASSEMBLY April 3, 2024 ___________ Introduced by M. of A. WALLACE -- read once and referred to the Commit- tee on Racing and Wagering AN ACT to amend the racing, pari-mutuel wagering and breeding law, in relation to authorizing one percent of mobile sports tax revenue be used for sports programs for underserved youths The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 8 of section 1367 of the racing, pari-mutuel 2 wagering and breeding law, as added by section 3 of part Y of chapter 59 3 of the laws of 2021, is amended to read as follows: 4 8. Notwithstanding section thirteen hundred fifty-one of this article, 5 mobile sports wagering gross gaming revenue and tax revenue shall be 6 excluded from sports wagering gross gaming revenue and tax revenue. 7 Mobile sports wagering tax revenue shall be separately maintained and 8 returned to the state for deposit into the state lottery fund for educa- 9 tion aid except as otherwise provided in this subdivision. Any interest 10 and penalties imposed by the commission relating to those taxes, all 11 penalties levied and collected by the commission, and the appropriate 12 funds, cash or prizes forfeited from sports wagering shall be deposited 13 into the state lottery fund for education. In the first fiscal year in 14 which mobile sports wagering licensees commence operations and accept 15 mobile sports wagers pursuant to this section, the commission shall pay 16 into the commercial gaming fund one percent of the state tax imposed on 17 mobile sports wagering by this section to be distributed for problem 18 gambling education and treatment purposes pursuant to paragraph a of 19 subdivision four of section ninety-seven-nnnn of the state finance law; 20 provided however, that such amount shall be equal to six million dollars 21 for each fiscal year thereafter. [In the first fiscal year in which 22 mobile sports wagering licensees commence operations and accept mobile 23 sports wagers pursuant to this section, the] The commission shall pay 24 one percent of the state tax imposed on mobile sports wagering by this 25 section to the general fund, a program to be administered by the office 26 of children and family services for a statewide youth sports activities 27 and education grant program for the purpose of providing annual awards EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14996-02-4
A. 9752 2 1 to sports programs for underserved youth under the age of eighteen 2 years; provided however, that such amount shall be equal to one percent 3 of mobile sports tax revenue and no less than five million dollars for 4 each fiscal year thereafter. The commission shall require at least 5 monthly deposits by a platform provider of any payments pursuant to 6 subdivision seven of this section, at such times, under such conditions, 7 and in such depositories as shall be prescribed by the state comp- 8 troller. The deposits shall be deposited to the credit of the state 9 commercial gaming revenue fund. The commission shall require a monthly 10 report and reconciliation statement to be filed with it on or before the 11 tenth day of each month, with respect to gross revenues and deposits 12 received and made, respectively, during the preceding month. 13 § 2. This act shall take effect on the first of April next succeeding 14 the date on which it shall have become a law.