Relates to the investment of funds wagered on video lottery gaming for certain horse races; repealer

This bill modifies how revenue from video lottery gaming at New York racetracks is allocated. It directs specific percentages of wagered funds (after prizes) to two main purposes: 6.5% to 7.5% annually for school districts (including those serving students with disabilities), and 4% for racetrack capital improvements like facility upgrades and an equine drug testing lab. The funds for education go into the state lottery fund for school grants, while the racing-related allocations support track maintenance, purse enhancements, and jockey health insurance. It directly affects Aqueduct, Belmont Park, and Saratoga racetracks and public schools receiving lottery grants.