(Download) "Matter Roosevelt Raceway v. George P. Monaghan" by Court of Appeals of New York * Book PDF Kindle ePub Free
eBook details
- Title: Matter Roosevelt Raceway v. George P. Monaghan
- Author : Court of Appeals of New York
- Release Date : January 23, 1961
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 85 KB
Description
The Constitution of this State was amended in 1939 to permit such ""pari-mutuel betting on horse races as may be prescribed by the legislature and from which the state shall derive a reasonable revenue for the support of government"" (art. I, § 9). And, in 1940, the Legislature enacted the Pari-Mutuel Revenue Law authorizing several types of horse racing under State supervision (L. 1940, ch. 254). This statute placed harness racing, which is here involved, under the supervision of the State Harness Racing Commission and, in order to protect the public and to derive ""reasonable revenue for the support of government"", it provided in section 45 for the following division of the betting pool at each harness track: the holders of winning tickets were to share in 85% of the proceeds, while the operator of the track was to pay the State as a privilege tax about 5% and retain approximately 10% for itself. The tax is declared by the statute to be ""for the privilege of conducting