N.Y. Racing, Pari-Mutuel Wagering and Breeding Law Section 405
Pari-mutuel betting at quarter horse races

No more than five corporations or associations shall be licensed by the commission in any one year to conduct a pari-mutuel meet or meets. Said pari-mutuel betting conducted at such meetings shall be under the general supervision and control of the commission which shall make rules regulating the conduct of such pari-mutuel betting in accordance with the provisions of sections two hundred twenty-two through seven hundred five of this chapter. The department of taxation and finance is charged with the financial administration of pari-mutuel betting as prescribed in this article and as supplemented by the rules and regulations of the commission. The department of taxation and finance shall have authority to prescribe the forms and the system of accounting to be employed, and through its representatives shall at all times have power of access to and examination of any equipment relating to such betting.

Source: Section 405 — Pari-mutuel betting at quarter horse races, https://www.nysenate.gov/legislation/laws/PML/405 (updated Oct. 16, 2020; accessed Apr. 27, 2024).

401
General powers of commission 402
Incorporation 403
Filing of information concerning stock transfers 404
Right to hold quarter horse race meetings and races 405
Pari-mutuel betting at quarter horse races 407
Licenses for quarter horse race meetings 408
Officials at quarter horse race meetings 409
Licenses for participants and employees at quarter horse race meetings 410
Power of commission to impose fines and penalties 411
Refunds 412
Special police officers 413
Place and manner of conducting pari-mutuel betting 414
Construction 415
Bond required of corporation or association conducting pari-mutuel betting 416
Books and records of pari-mutuel betting 417
Filing of certain agreements with commission 418
Disposition of pari-mutuel pools 419
Revocation of license 420
Hearing of refusal or revocation of license 421
Approval of plans of corporation or association 422
Free or reduced fee passes, cards or badges 423
County, town and agricultural fairs and quarter horse race meetings not licensed to conduct pari-mutuel betting 424
Employees at quarter horse race meetings 425
Membership in a labor union or labor organization 426
Disposition of unpaid money due on account of pari-mutuel tickets not presented 427
Penalties 428
Construction 429
Quarter horse racing defined 430
Definitions 431
New York state quarter horse breeding and development fund 432
Powers of the fund 433
Resources of fund 434
Annual audit 435
Annual report 436
Actions against fund

Accessed:
Apr. 27, 2024

Last modified:
Oct. 16, 2020

§ 405’s source at nysenate.gov

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Location: https://newyork.public.law/laws/n.y._racing,_pari-mutuel_wagering_and_breeding_law_section_405

Original Source: Section 405 — Pari-mutuel betting at quarter horse races, https://www.nysenate.gov/legislation/laws/PML/405 (last accessed Aug. 20, 2023).