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NY A10231
Bill
Status
Introduced
2/12/2026
Primary Sponsor
John McDonald
Click for details
AI Summary
- Capital district regional off-track betting corporations must distribute 100% of unclaimed winnings and refunds to participating counties by March 15th each year
- Unclaimed balances are calculated as of the last day of February annually
- Late distributions incur a 5% penalty plus 1% monthly interest from the April 1st due date until payment
- Pari-mutuel wagering taxes from capital district regional OTB corporations must be remitted directly to participating counties following existing distribution requirements under section 516
- Takes effect immediately upon enactment
Legislative Description
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.
Last Action
referred to racing and wagering
2/12/2026
Committee Referrals
Racing and Wagering2/12/2026
Full Bill Text
No bill text available