New York § 109-B - 109-BRebates
Full text of New York New York Consolidated Laws § 109-B — 109-BRebates, with citation guidance and answers to common questions.
§ 109-B. 109-BRebates
§ 109-b. Rebates. 1. For the purposes of this section, "rebate" shall mean a portion of pari-mutuel wagers, otherwise payable to an entity conducting pari-mutuel betting, that is paid to holders of pari-mutuel wagering tickets and that reduces the amount otherwise payable to such entity, including, but not limited to, refunds to holders of pari-mutuel wagering tickets of any portion or percentage of the full face value of a pari-mutuel wager, paying a bonus on a winning pari-mutuel ticket, awards of merchandise, services such as meals, parking, admission, seating and programs, free or reduced cost pari-mutuel wagers, monetary awards, or any other benefit that the state gaming commission deems appropriate to reward horse racing patrons for their patronage at race meetings. 2. The state gaming commission, upon application of an entity authorized to conduct pari-mutuel betting, may approve the payment of rebates by such entity for a rebate program, subject to the following requirements: a. the applicant discloses the extent of the rebate program. Such disclosure shall include a listing of the monetary value of all rebates paid to bettors during the previous calendar year, and the terms and conditions governing the award of rebates to bettors; b. the applicant provides assurances that the values of the rebates are determined solely by (i) attendance at one or more race meetings, (ii) the amount wagered by a bettor, (iii) the amount payable to the entity on each wager, or (iv) how frequently a bettor wagers; c. the entity maintains records of all wagers subject to a rebate, for a period of not less than three years; and d. the applicant demonstrates that such rebates are in the best interests of horse racing.
Frequently Asked Questions About New York § 109-B
What does New York Consolidated Laws § 109-B cover?
Section 109-B ("109-BRebates") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 109-B?
A common citation format is "New York Consolidated Laws § 109-B" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 109-B apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.