N.Y. Racing, Pari-Mutuel Wagering and Breeding Law Section 328
Disposition of unpaid money due on account of pari-mutuel tickets not presented

The sum held by any corporation or association authorized to conduct pari-mutuel betting for payment of outstanding winning pari-mutuel tickets and for refunding the price of pari-mutuel tickets shall be retained by such corporation or association for such purposes until April first of the succeeding year; provided, however, that ninety-five per centum of such sum remaining unclaimed as of the last day of February of such year shall be paid to the state tax commission by March fifteenth. On April tenth, the balance of such sum remaining unclaimed and any other unclaimed amount received in the course of conducting pari-mutuel betting shall be paid to the state tax commission. A penalty of five per centum and interest at the rate of one per centum per month from the due date to the date of payment of the unclaimed balance due March fifteenth or April tenth, as the case may be, shall be payable in case such balance is not paid when due. Such amounts, interest and penalties when collected shall be paid by the state tax commission into the general fund of the state treasury.

Source: Section 328 — Disposition of unpaid money due on account of pari-mutuel tickets not presented, https://www.­nysenate.­gov/legislation/laws/PML/328 (updated Sep. 22, 2014; accessed Apr. 20, 2024).

301
General powers of commission 302
Incorporation 303
Filing of information concerning stock transfers 303‑A
Non-managing ownership of standardbred horses 304
Right to hold harness race meetings and races 305
Pari-mutuel betting at harness races 307
Licenses for harness race meetings 307‑A
New York-bred or wholly owned harness races 308
Officials at harness horse race meetings 309
Licenses for participants and employees at harness race meetings 310
Power of the commission to impose fines and penalties 311
Refunds 312
Special police officers 313
Place and manner of conducting pari-mutuel betting 314
Construction with other laws 315
Bond required of corporation or association conducting pari-mutuel betting 316
Books and records of pari-mutuel betting 317
Filing of certain agreements with the commission 318
Disposition of on-track pari-mutuel pools 319
Capital improvements 320
Revocation of license 321
Hearing of refusal or revocation of license 322
Approval of plans of corporation or association 324
Free or reduced fee passes, cards or badges 325
County, town and agricultural fairs and harness race meetings not licensed to conduct pari-mutuel betting 326
Employees at harness race meetings 327
Membership in a labor union or a labor organization 328
Disposition of unpaid money due on account of pari-mutuel tickets not presented 329
Penalties 330
Agriculture and New York state horse breeding development fund 331
Powers 332
Resources of fund 333
New York state exposition harness racing 334
New York-bred harness horse events 335
County and town agricultural society harness racing events 336
Actions against fund
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Accessed:
Apr. 20, 2024

Last modified:
Sep. 22, 2014

§ 328’s source at nysenate​.gov

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