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NY A07595
Bill
Status
4/16/2009
Primary Sponsor
Thomas Alfano
Click for details
AI Summary
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Reduces the payout percentage from 60% to 40% for Quick Draw lottery game tickets sold, with drawings limited to 13 hours daily (maximum 8 consecutive hours)
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Reduces the payout percentage from 65% to 40% for "Instant Cash" lottery tickets, except for up to three special games per fiscal year with 75% payout
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Reduces the payout percentage from 50% to 40% for Daily Numbers Game, Win 4, Pick 10, Take 5, and multi-jurisdiction lottery games
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Increases the monthly deposit to state lottery fund from various percentages (ranging from 20-35%) to a uniform 45% of ticket sales for games in paragraphs two and three, and 45% for Quick Draw games
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Takes effect January 1st following enactment, with amendments automatically repealed if the underlying law sections are repealed
Legislative Description
Reformulates provisions in the tax law relating to the disposition of lottery revenues to require that a higher percentage of all revenues collected in each of the various lottery games is deposited into the state lottery fund provided in section 92-c of the state finance law.
Last Action
held for consideration in ways and means
7/1/2010