Delaware § 10166 Licensee’s commissions on pari-mutuel and totalizator pools

Delaware Statutes

§ 10166 — Licensee’s commissions on pari-mutuel and totalizator pools

Delaware·Title 3·Part Horse Racing·Subch. Wagering or Betting by Pari-Mutuel Machines or Totalizators

(a)The Commission shall authorize as gross commissions on pari-mutuel and totalizator pools to the licensee operating a racing meet under this chapter 17% of the total contributions to all pari-mutuel and totalizator pools conducted or made at the racing meet and at every race or meeting, plus all of the odd cents of all redistributions to be made on all pari-mutuel and totalizator pool contributions exceeding the sum equal to the next lowest multiple of 10, such odd cents to be calculated on the basis of each dollar wagered. If a minus pool is created, the licensee may break to the lowest multiple of 5.

(b)In addition to the other commissions allowed by this section, every person engaged in the business of conducting a racing meet under this chapter shall receive as a gross commission

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(a) The Commission shall authorize as gross commissions on pari-mutuel and totalizator pools to the licensee operating a racing meet under this chapter 17% of the total contributions to all pari-mutuel and totalizator pools conducted or made at the racing meet and at every race or meeting, plus all of the odd cents of all redistributions to be made on all pari-mutuel and totalizator pool contributions exceeding the sum equal to the next lowest multiple of 10, such odd cents to be calculated on the basis of each dollar wagered. If a minus pool is created, the licensee may break to the lowest multiple of 5.

(b) In addition to the other commissions allowed by this section, every person engaged in the business of conducting a racing meet under this chapter shall receive as a gross commission 2% of the total contributions to all dual pari-mutuel and totalizator pools conducted on each racing day on any and every racetrack licensed under this chapter. Dual pari-mutuel and totalizator pool means a separate wagering pool in which an interest is represented by a single wager on 2 entries, and shall include, but not be limited to, daily doubles, exactas, quinellas and perfectas.

(c) In addition to the other commissions allowed by this section, every person engaged in the business of conducting a racing meet under this chapter shall receive as a gross commission 8% of the total contributions to all special pari-mutuel and totalizator pools conducted on each racing day on any and every racetrack licensed under this chapter. Special pari-mutuel and totalizator pool means a separate wagering pool in which an interest is represented by a single wager on more than 2 entries, and shall include, but not be limited to, tri-perfectas, trifectas, twin doubles and big exactas.

(d) From the gross commissions allowed by this section, the licensee may retain as its net commissions only those sums which remain after payment of the taxes imposed by § 10165 of this title.

Delaware § 10166 (Licensee’s commissions on pari-mutuel and totalizator pools) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

38 Del. Laws, c. 62, § 16 ; 40 Del. Laws, c. 112, § 1 ; Code 1935, § 5510; 43 Del. Laws, c. 242 ; 28 Del. C. 1953, § 366; 49 Del. Laws, c. 345, § 2 ; 51 Del. Laws, c. 300, § 3 ; 55 Del. Laws, c. 84, §§ 2, 3 ; 56 Del. Laws, c. 42, § 3 ; 56 Del. Laws, c. 228, § 2 ; 57 Del. Laws, c. 111 ; 57 Del. Laws, c. 470, § 2 ; 58 Del. Laws, c. 298, § 2 ; 60 Del. Laws, c. 426, § 5 ; 60 Del. Laws, c. 512, § 3 ; 61 Del. Laws, c. 163, § 3 ; 68 Del. Laws, c. 84, § 173(a)