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Department of Taxation and Finance

Pari-mutuel and racing admissions tax

If you're a corporation or association authorized to conduct pari-mutuel betting in New York State you must report and pay the pari-mutuel taxes required by the racing, pari-mutuel wagering, and breeding law.

These taxes include:

  • a portion of commissions withheld from wagering pools paid by a racing association or corporation conducting pari-mutuel betting in the state,
  • a racing admissions tax,
  • a non-profit racing association franchise fee,
  • a remittance of the breakage (the difference between a wager pool for a given bet and the total payout after rounding the payoff to bettors),
  • a remittance of uncashed tickets and other unclaimed funds.
Updated: