New York Laws
Article 2 - Thoroughbred Racing and Breeding
235 - Rules for the Conduct of Pari-Mutuel Betting.

§ 235. Rules for the conduct of pari-mutuel betting. 1. The commission
shall make rules regulating the conduct of pari-mutuel betting, as
authorized pursuant to this chapter.

2. The rules shall provide that all winning pari-mutuel tickets must
be presented for payment before April first of the year following the
year of their purchase and failure to present any such ticket within the
prescribed period of time shall constitute a waiver of the right to
participate in the award or dividend.

3. The department of taxation and finance is hereby charged with the
financial administration of pari-mutuel betting as herein described 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 access to the issuing or vending
machines, the adding machines and all other pari-mutuel betting
equipment.

Structure New York Laws