N.Y. Racing, Pari-Mutuel Wagering and Breeding Law Section 1409
Disposition of taxes

1.

The commission shall pay into the state lottery fund all taxes imposed by this article; any interest and penalties imposed by the commission relating to those taxes; all penalties levied and collected by the commission; and the appropriate funds, cash or prizes forfeited from interactive fantasy sports.

2.

The commission shall require at least monthly deposits by the interactive fantasy sports operator of any payments pursuant to § 1407 (State tax)section fourteen hundred seven of this article, at such times, under such conditions, and in such depositories as shall be prescribed by the state comptroller. The deposits shall be deposited to the credit of the state lottery fund. The commission shall require a monthly report and reconciliation statement to be filed with it on or before the tenth day of each month, with respect to gross revenues and deposits received and made, respectively, during the preceding month.

Source: Section 1409 — Disposition of taxes, https://www.­nysenate.­gov/legislation/laws/PML/1409 (updated Aug. 5, 2016; accessed Jul. 26, 2025).

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Verified:
Jul. 26, 2025

Last modified:
Aug. 5, 2016

§ 1409. Disposition of taxes's source at nysenate​.gov

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