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), and
• a remittance of uncashed tickets and other unclaimed funds.

• 

  Breakage and commissions

  Filing frequency

  Monthly

  Liability or filing period

  The 16th day of the preceding month through the 15th day of the current month, except for March.

  Due date

  Last business day of each month (except for March).

  March 31 for taxes due and accruing through the last full week of racing in March.

  Tax forms

  • Form AU-212, New York Department of Taxation and Finance State Pari-Mutuel Betting Tax Return
  • Form AU-212.1, New York State Pari-Mutuel Betting Tax Return - Schedule I Pari-Mutuel Betting Distribution
  • Form AU-212.2, New York State Pari-Mutuel Betting Tax Return - Schedule II Simulcast Receiver's Betting Distribution
  • Form AU-212.3, New York State Pari-Mutuel Betting Tax Return - Schedule III Simulcast Credits Claimed
  • Form AU-212.4, New York State Pari-Mutuel Betting Tax Return - Schedule IV Outstanding Pari-Mutuel Tickets Balance
• 

  Racing admissions

  Filing frequency

  Varies

  Liability or filing period

  Varies

  Due date

  For race meetings 30 days or fewer, within 10 days after the close of the race meeting.

  For race meetings more than 30 days, on or before the 10th day of each month for the previous month's admissions.

  Tax forms

  • Form AU-207, Return of Racing Admissions Tax
  • Instructions
• 

  Uncashed tickets and other unclaimed funds

  Filing frequency

  Annually

  Liability or filing period

  Calender year, or portion of a calendar year, during which the uncashed tickets were sold as of December 31 of the racing season year.

  Due date

  First installment (Part 1 of Form AU-215) due March 15th.

  Remaining uncashed ticket sums (part 2 of For AU-215) due April 10th.

  Tax forms

  • Form AU-215, Pari-Mutuel Tax Return of Uncashed Pari-Mutuel Tickets 
  • Instructions

Resources

• Pari-mutuel and racing admissions tax memos (TSB-M)
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