7/22/15 N.Y. St. Reg. SGC-19-15-00017-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
Renumbering and amendment of section 4011.22 to section 4011.21; addition of new section 4011.22 to Title 9 NYCRR.
Statutory authority:
Racing, Pari-Mutual Wagering and Breeding Law, sections 103(2), 104(1), (19) and 122
Subject:
Permits coupled entries with thoroughbred superfecta wagering.
Purpose:
To improve wagering opportunities in thoroughbred horse racing.
Text or summary was published
in the May 13, 2015 issue of the Register, I.D. No. SGC-19-15-00017-P.
Final rule as compared with last published rule:
No changes.
Text of rule and any required statements and analyses may be obtained from:
Kristen Buckley, Acting Secretary, New York State Gaming Commission, One Broadway Center, PO Box 7500, Schenectady, New York 12305-7500, (518) 388-3407, email:
gamingrules@gaming.ny.govInitial Review of Rule
As a rule that does not require a RFA, RAFA or JIS, this rule will be initially reviewed in the calendar year 2020, which is no later than the 5th year after the year in which this rule is being adopted.
Assessment of Public Comment
The Commission received a written comment from the New York Racing Association in support of the proposed rule to allow superfecta wagering in races with coupled entries. NYRA estimates that NYRA could generate an additional $23.1 million in incremental annual wagering if the rule making were adopted. NYRA estimates annual revenue increases to various racing interests, including $876,000 to horsemen in purses, up to $32,000 to the New York State Thoroughbred Breeding and Development Fund, as much as $97,000 to the State of New York through taxes and fees and more than $1 million to NYRA.
“NYRA firmly believes that the proposed rule would make superfecta wagers more competitive and attractive to all bettors,” NYRA wrote.
No other comments were received.
