7/22/15 N.Y. St. Reg. SGC-20-15-00003-A
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following action:
Action taken:
Amendment of section 4025.10 of Title 9 NYCRR.
Statutory authority:
Racing, Pari-Mutual Wagering and Breeding Law, sections 103(2), 104(1), (19) and 122
Subject:
Amendments to coupled entries in thoroughbred wagering.
Purpose:
To improve wagering opportunities in thoroughbred horse racing.
Text or summary was published
in the May 20, 2015 issue of the Register, I.D. No. SGC-20-15-00003-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 written comments from the New York Racing Association in support of the amendment. NYRA estimates that it could generate an additional $6.9 million in incremental annual wagering if the amendment is adopted. NYRA estimates that each additional betting interest created by uncoupling horses with common ownership in stakes races with purses of more than $50,000 could yield more than $177,000 in handle per race. NYRA estimates annual revenue increases to various racing interests, including $262,000 to horsemen in purses, up to $10,000 to the New York State Thoroughbred Breeding and Development Fund, as much as $29,000 to the State of New York through taxes and fees and $319,000 to NYRA.
“NYRA fully supports the proposed amendment as it will increase field size, wagering opportunities and wagering Revenue,” the comments stated.
No other comments were received.
