N.Y. PML Law § 136

§ 136. Pari-mutuel wagering tax. 1. Notwithstanding any law to the\ncontrary, the excise tax imposed on any racing association or\ncorporation or regional off-track betting corporation, authorized to\nconduct pari-mutuel wagering shall be seven-tenths of one percent (0.7%)\nof all money wagered through such association or corporation.\n 2. Beginning with state fiscal year two thousand twenty-six, the\naggregate amount of the pari-mutuel wagering tax paid by a harness track\npursuant to subdivision one of this section in a state fiscal year shall\nnot exceed the pari-mutuel wagering tax attributable to live racing\nhandle paid by such harness track in state fiscal year two thousand\ntwenty-four.\n 3. All pari-mutuel wagering taxes shall be collected and remitted in\nthe same manner as such taxes were collected and remitted prior to the\nenactment of this section.\n 4. Breaks are not permitted, unless required by another jurisdiction\npursuant to section nine hundred five of this chapter. All distributions\nto the holders of winning tickets shall be calculated to the nearest\npenny.\n 5. Notwithstanding subdivision four of this section, a racetrack may\nround to the nearest nickel for bets made at the facility only if such\nbreaks are directed to the retired and rescued thoroughbred horse\naftercare fund pursuant to section two hundred nine-n of the tax law if\nthe bet was made on a thoroughbred race, and to the retired and rescued\nstandardbred horse aftercare fund pursuant to section two hundred nine-o\nof the tax law if the bet was made on a harness race.\n