N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 1409: Disposition of taxes

§ 1409. Disposition of taxes. 1. The commission shall pay into the

state lottery fund all taxes imposed by this article; any interest and

penalties imposed by the commission relating to those taxes; all

penalties levied and collected by the commission; and the appropriate

funds, cash or prizes forfeited from interactive fantasy sports.

2. The commission shall require at least monthly deposits by the

interactive fantasy sports operator of any payments pursuant to section

fourteen hundred seven of this article, at such times, under such

conditions, and in such depositories as shall be prescribed by the state

comptroller. The deposits shall be deposited to the credit of the state

lottery fund. The commission shall require a monthly report and

reconciliation statement to be filed with it on or before the tenth day

of each month, with respect to gross revenues and deposits received and

made, respectively, during the preceding month.