§ 19616.2. — 19616.2. (Amended by Stats. 1992, Ch. 644, Sec. 2.)

California § 19616.2.

• Jurisdiction: California
• Code BPC: Business and Professions Code - BPC
• Div. 8.: DIVISION 8. SPECIAL BUSINESS REGULATIONS
• Ch. 4.: CHAPTER 4. Horse Racing
• Art. 9.5.: ARTICLE 9.5. License Fees, Commissions, and Purses

Text

(a)
Except as provided in Section 19616.1, an association conducting wagering on an out-of-state feature race that is included in the parimutuel pool of the out-of-state entity conducting the out-of-state racing shall deduct a percentage equal to the percentage deducted from the amount handled by the association in its parimutuel pools at its racing meeting.
(b)
An association that accepts wagers in a common parimutuel pool on an out-of-state feature race and deducts a
percentage equal to that deducted from the amount handled by the association in its parimutuel pool at its racing meeting, as specified in subdivision (a), shall calculate payments on winning tickets as provided in Section 19602.

Legislative History

Amended by Stats. 1992, Ch. 644, Sec. 2. Effective September 14, 1992.