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