N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1408 – Additional regulatory costs
Current as of: 2024 | Check for updates
|
Other versions
§ 1408. Additional regulatory costs. The commission may assess annually, in arrears, on each registrant proportional to the interactive fantasy sports gross revenue of such registrant in the preceding year compared to the aggregate interactive fantasy sports gross revenue of all registrants in the preceding year actual costs necessary to regulate in accordance with the provisions of this article. Such assessments shall be made only within amounts appropriated therefor.
Terms Used In N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1408
- Commission: shall mean the New York state gaming commission. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
- Interactive fantasy sports gross revenue: shall mean the amount equal to the total of all entry fees not attributable to New York state prohibited sports events that a registrant collects from all players, less the total of all sums not attributable to New York state prohibited sports events paid out as winnings to all players, multiplied by the resident percentage for New York state; provided, however, that the total of all sums paid out as winnings to players shall not include the cash equivalent value of any merchandise or thing of value awarded as a prize. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
- registrant: shall mean an operator that is registered by the commission. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401