§ 19606.6. — 19606.6. (Added by Stats. 1990, Ch. 131, Sec. 15.)

California § 19606.6.

• Jurisdiction: California
• Code BPC: Business and Professions Code - BPC
• Div. 8.: DIVISION 8. SPECIAL BUSINESS REGULATIONS
• Ch. 4.: CHAPTER 4. Horse Racing
• Art. 9.2.: ARTICLE 9.2. Satellite Wagering

Text

Of the total breakage arising in a parimutuel pool which includes wagers at satellite wagering facilities in the central or southern zone, that percentage of breakage equal to the percentage that wagers placed at satellite wagering facilities constitute of the total parimutuel pool shall be distributed equally among the state as an additional license fee deposited in the General Fund, the track conducting the racing meeting as a commission, and the horsemen participating in the racing meeting in the form of purses. The remainder of the breakage shall be distributed in the same manner as breakage arising from wagers at the track conducting the racing meeting.

Legislative History

Added by Stats. 1990, Ch. 131, Sec. 15. Effective June 11, 1990.