Relates to the authority of the capital district regional off-track betting corporation to retain and disburse certain uncashed tickets

◆ The sponsor's argument

Why Patricia Fahy says this is needed

Capital District Regional Off Track Betting Corporation is one of two OTBs/Race tracks in New York that does not have video lottery terminal gaming devices a revenue stream to help subsidize racing operations. This inequity means that Capital District Regional Off Track Betting Corporation must rely on horse racing bets alone to generate revenue for the local governments that comprise the OTB. Due to out of state race wagering companies and sports betting, horse race wagers placed at Capital District Regional Off Track Betting Corpo- ration branches or website and other in state legacy racing interest have seen a significant decrease over the past several years. The impact of this market change is more impactful to Capital District Regional Off Track Betting Corporation because they do not have video lottery termi- nals to help subsidize its operation. This bill generates additional revenue for the county governments that comprise Capital District Regional Off Track Betting Corporation by allowing uncashed tickets from bettors in that region to be disbursed to the aforementioned county governments directly.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.