N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 906: Handicapping tournaments

§ 906. Handicapping tournaments. 1. Notwithstanding any other

provision of law, a thoroughbred racing corporation, a harness racing

corporation or association, a regional off-track betting corporation or

a combination thereof, may operate a handicapping tournament at which

the participants may be charged an entry fee if the tournament is

conducted in accordance with the provisions of this section.

2. (a) The operator of a handicapping tournament shall distribute all

of the entry fees as prizes to the winners of the tournament. Nothing

herein shall preclude an operator from providing additional prizes or

promotions.

(b) The commission shall approve the rules and the payment of prizes

of a handicapping tournament. No operator of a handicapping tournament

may accept an entry fee for a tournament until the commission has

approved the rules and the payment of prizes of a handicapping

tournament.

(c) The horse races which are the subject of the tournament must be

races on which the operator of the tournament is authorized to conduct

wagering. At least fifty percent of the races which are the subject of

the tournament must be races run in New York state.

3. A handicapping tournament operated in accordance with the

provisions of this section shall be considered a contest of skill and

shall not be considered gambling.