N.Y. Tax Law § 1618: Special drawings

§ 1618. Special drawings. a. General. The division may hold special

prize drawings each of which shall guarantee as a first prize to the

winner or winners an amount of not less than fifty million dollars,

including interest, such prize to be paid in a manner which the director

shall determine.

b. Reports. The division shall produce and issue a report, in such

format as the director may prescribe, no more than sixty days after a

prize drawing is held pursuant to subdivision a of this section. Such

report shall include at a minimum the following information pertaining

to such drawing: (1) sales revenue and prize distributions to include

amounts available for future special drawings, (2) administrative costs

paid or otherwise payable or distributed to agents, vendors and

contractors, (3) an analysis of the effect on sales of other game

drawings held during the period of time that tickets for a special prize

drawing were available to the public. A copy of such report will be

provided to the director of the budget, the chairman of the senate

finance committee and the chairman of the assembly ways and means

committee.