S 9545 NY
Relates to unclaimed winnings and refunds and the remittance of taxes
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Summary
New York Senate Bill 9545 amends the racing and pari-mutuel wagering law to establish requirements for how the capital district regional off-track betting corporation handles unclaimed winnings and wagering taxes. The bill requires the corporation to distribute 100 percent of unclaimed winnings and refunds to participating counties by March 15 each year. If the corporation fails to make timely distributions, it must pay a 5 percent penalty plus 1 percent monthly interest. The bill also specifies that pari-mutuel wagering taxes collected by the corporation are remitted to participating counties.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Official abstract
Requires a regional off-track betting corporation that is comprised in the capital district to distribute unclaimed winnings and refunds to participating counties comprising the capital district corporation; provides penalties for late distributions; provides for the remittance of pari-mutuel wagering taxes.
Sponsor (1)
- Patricia Fahy Democratic · primary
Action history (2)
- Mar 23, 2026 REFERRED TO RACING, GAMING AND WAGERING · upper
- May 20, 2026 REPORTED AND COMMITTED TO FINANCE · upper
Text versions (2)
Full text
Full text imported from assembly.state.ny.us
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Bill No.: Summary Actions Committee Votes Floor Votes Memo Text LFIN Chamber Video/Transcript S09545 Summary: BILL NO S09545   SAME AS SAME AS A10231
  SPONSOR FAHY   COSPNSR   MLTSPNSR   Amd §§529 & 136, RWB L   Requires a regional off-track betting corporation that is comprised in the capital district to distribute unclaimed winnings and refunds to participating counties comprising the capital district corporation; provides penalties for late distributions; provides for the remittance of pari-mutuel wagering taxes.
Go to top S09545 Text:
STATE OF NEW YORK ________________________________________________________________________
9545
IN SENATE
March 23, 2026 ___________
Introduced by Sen. FAHY -- read twice and ordered printed, and when printed to be committed to the Committee on Racing, Gaming and Wager- ing
AN ACT to amend the racing, pari-mutuel wagering and breeding law, in relation to unclaimed winnings and refunds and the remittance of taxes
The People of the State of New York, represented in Senate and Assem- bly, do enact as follows:
1 Section 1. Section 529 of the racing, pari-mutuel wagering and breed- 2 ing law is amended by adding a new subdivision 3 to read as follows: 3 3. Notwithstanding subdivision two of this section, for a regional 4 off-track betting corporation that is comprised in the capital district, 5 one hundred percent of the balance of such account remaining unclaimed 6 as of the last day of February of such year shall be distributed pursu- 7 ant to section five hundred sixteen of this chapter to participating 8 counties comprising the capital district corporation by March fifteenth. 9 A penalty of five percent and interest at the rate of one percent per 10 month from the due date to the date of payment of the unclaimed balance 11 due April first shall be payable in case such balance is not paid when 12 due under this section. 13 § 2. Subdivision 3 of section 136 of the racing, pari-mutuel wagering 14 and breeding law, as added by section 1 of subpart A of part FF of chap- 15 ter 59 of the laws of 2025, is amended to read as follows: 16 3. All pari-mutuel wagering taxes shall be collected and remitted in 17 the same manner as such taxes were collected and remitted prior to the 18 enactment of this section ; provided however, for a regional off-track 19 betting corporation that is comprised in the capital district, shall 20 remit such payments to participating counties in the same fashion as 21 required by section five hundred sixteen of this chapter . 22 § 3. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14403-02-6
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