Relates to funds in the Catskill off-track betting corporation's capital acquisition fund

Latest action Dec 5, 2025

Provides that from April 1, 2025 to March 31, 2026, twenty-three percent of funds in the Catskill off-track betting corporation's capital acquisition fund shall be made available for certain past due obligations; requires such corporation to submit an expenditure plan for approval before accessing such funds.

Not chosen yet

Where it stands

Rejected by the executive.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

Vetoed

New York State Senate

Same as A8892, the matching bill in the Assembly.

Amends the Racing, Pari-Mutuel Wagering and Breeding Law.

Committee

Rules · New York State Assembly

Also referred to Rules · New York State Senate, Ways and Means · New York State Assembly.

Purpose, from the sponsor's memo

Section 1: Amends Racing, Pari-Mutuel Wagering and Breeding Law § 509-a to authorize the Catskill Off-Track Betting Corporation to use 45% of its funds balance (up to $2.7 million) from its Capital Acquisition Fund to pay specified debts between April 1, 2025, and March 31, 2026, subject to the submission and approval of an expenditure plan by the Gaming Commission. Section 2: Effective date.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

Vote: Floor vote
NY SenateJun 12, 2025Result: passed
(58) (1) (0) (4)
Vote: Committee vote · Rules
Senate RulesJun 12, 2025Result: passed
(20) (0) (0) (1)

The sponsor's argument

Why Joseph P. Addabbo Jr. says this is needed

The Catskill Off-Track Betting Corporation (OTB) has numerous outstand- ing financial obligations that must be settled. Under current law, the corporation's Capital Acquisition Fund may only be used for capital projects, leaving substantial funds unavailable for use while the corpo- ration's debts remain unpaid. This legislation provides a responsible, temporary solution by allowing the Catskill OTB to use up to $2.7 million of its own restricted funds to satisfy these specific debts. The authorized use of funds is narrowly tailored to address critical, past-due obligations, including statutory payments to New York's racetracks and breeding funds, contractual payments for simulcast signals, and other debts owed to the State. To ensure fiscal accountability, the bill requires the OTB to first submit a detailed expenditure plan to the New York State Gaming Commis- sion for review and approval. The Commission is empowered to audit the corporation's books to confirm that the funds are used only for the purposes outlined in the approved plan. This measure allows the corpo- ration to responsibly use its own existing assets to meet its obli- gations to the State and the racing community in a transparent and accountable manner.

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.

Full history

Dec 5, 2025
Vetoed
VETOED MEMO.101
NY Senate
Dec 1, 2025
Sent to the executive
DELIVERED TO GOVERNOR
NY Senate
Jun 13, 2025
Ordered to Third Reading Rules CAL.702
ORDERED TO THIRD READING RULES CAL.702
NY Assembly
Jun 13, 2025
Passed a chamber
PASSED ASSEMBLY
NY Assembly
Jun 13, 2025
Substituted
SUBSTITUTED FOR A8892
NY Assembly

Show full history (9 earlier events)

Jun 12, 2025
Sent to the executive
DELIVERED TO ASSEMBLY
NY Senate
Jun 12, 2025
Ordered to Third Reading CAL.1952
ORDERED TO THIRD READING CAL.1952
NY Senate
Jun 12, 2025
Passed a chamber
PASSED SENATE
NY Senate
Jun 12, 2025
Referred to committee
REFERRED TO WAYS AND MEANS
NY Assembly
Jun 12, 2025
Reported out of committee
REPORTED
NY Assembly
Jun 12, 2025
Rules Report CAL.702
RULES REPORT CAL.702
NY Assembly
Jun 11, 2025
Reported out of committee
REPORTED REFERRED TO RULES
NY Assembly
Jun 10, 2025
Referred to committee
REFERRED TO WAYS AND MEANS
NY Assembly
Jun 9, 2025
Referred to committee
REFERRED TO RULES
NY Senate

About this record

Summary: The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.
Source: From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 22, 2026. About our data

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.

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