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Bill

A 3095

Relates to the investment of funds wagered on video lottery gaming for certain horse races; repealer

2025 Regular Session Introduced by Alex Bores and 11 co-sponsors

Directs how funds from video lottery wagering on horse racing are invested and repeals existing rules, reshaping funding for racing programs.

REFERRED TO WAYS AND MEANS
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Bill Summary · A 3095

Bill A 3095 — Summary

Overview

  • Bill Number: A 3095
  • Title: Relates to the investment of funds wagered on video lottery gaming for certain horse races; repealer
  • Status: Referred to Ways and Means
  • Introduced: January 23, 2025
  • Primary Sponsor: Linda Rosenthal
  • Cosponsors: Jo Anne Simon, Jessica Gonzalez-Rojas, Rebecca Seawright, Zohran Mamdani, Tony Simone, Phara Souffrant Forrest, Alex Bores, Karines Reyes, Harvey Epstein, Anna Kelles, Ron Kim (and additional cosponsors as listed)

Legislative Actions

  • 2025-01-23: Referred to Ways and Means
  • 2025-01-23: Referred to Ways and Means (duplicate entry in the record)

Purpose and Intent

  • The bill aims to address the investment of funds wagered on video lottery gaming (VLT) that are associated with certain horse races. It also includes a repealer provision, indicating the removal or replacement of existing statutory language related to these funds or their investment.
  • The exact mechanisms (e.g., how funds would be invested, which horse racing activities would be supported, or which statutes would be repealed) are not detailed in the provided summary. The bill is likely focused on directing or restructuring how VLT wagering proceeds connected to horse racing are allocated or used.

Key Provisions (Conceptual, Based on Title)

  • Establish or modify rules governing the investment of funds from VLT wagering that are tied to specific horse racing activities.
  • Create or adjust funding streams, programs, or accounts that would receive VLT-related revenue for horse racing purposes.
  • Include a repealer section to remove or supersede existing statutory provisions governing these funds or their investments.
  • Require fiscal analysis or reporting potentially overseen by the Ways and Means Committee (implied by referral).

Who Would Be Affected

  • Video Lottery Gaming Operators: Since the bill concerns VLT wagering funds, operators may be affected by new investment or allocation requirements.
  • Horse Racing Industry Stakeholders: Races and related programs funded by VLT proceeds could see changes in funding or governance.
  • State and Local Governments: Fiscal implications and budget planning could be influenced by redirected or restructured funds.
  • State Agencies/Commissions: Agencies responsible for gaming, appropriations, and horse racing oversight may implement new rules or reporting requirements.

Procedural and Timeline Considerations

  • The bill has been referred to the Ways and Means committee, indicating a focus on fiscal impact, funding, and revenue implications.
  • As a companion and related legislation exist (see Related Bills), the proposal interacts with other bills that address similar topics or previous sessions’ language.

Related Legislation

  • A 8468 (prior-session)
  • S 6594 (companion)
  • A 1162 (prior-session)

Potential Impact and Next Steps

  • If enacted, the bill could alter how funds generated from VLT wagering on horse racing are invested and allocated, potentially shifting funding for racing-related programs and repealing existing statutory provisions.
  • The fiscal implications would be assessed by the Ways and Means committee, including any effects on state revenue, budgeting, and administration.
  • Stakeholders should monitor committee hearings, fiscal impact analyses, and the progression of related bills (A 8468, A 1162, S 6594) for a fuller understanding of changes to funding and governance.

If you’d like, I can tailor this summary to a specific audience (e.g., policymakers, industry stakeholders, or the general public) or add a side-by-side comparison with the related bills.

Compiled from official sources — confirm details with the bill’s official record.

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