Texas § 2028.101 DEDUCTIONS FROM HORSE PARI-MUTUEL POOLS.

Texas Statutes

§ 2028.101 — DEDUCTIONS FROM HORSE PARI-MUTUEL POOLS.

Texas § 2028.101

Code OCOccupations Code

This text of Texas § 2028.101 (DEDUCTIONS FROM HORSE PARI-MUTUEL POOLS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Occupations Code Code Ann. § 2028.101 (2026).

Text

Sec. 2028.101. DEDUCTIONS FROM HORSE PARI-MUTUEL POOLS.

(a)A horse racetrack association shall deduct an amount from each pari-mutuel pool to be distributed as provided by Sections 2028.102 , 2028.103 , and 2028.104 .

(b)The total maximum deduction under Subsection (a) is:

(1)18 percent from a regular wagering pool;

(2)21 percent from a multiple two wagering pool; and

(3)25 percent from a multiple three wagering pool.

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Sec. 2028.101. DEDUCTIONS FROM HORSE PARI-MUTUEL POOLS. (a) A horse racetrack association shall deduct an amount from each pari-mutuel pool to be distributed as provided by Sections 2028.102 , 2028.103 , and 2028.104 .
(b) The total maximum deduction under Subsection (a) is:
(1) 18 percent from a regular wagering pool;
(2) 21 percent from a multiple two wagering pool; and
(3) 25 percent from a multiple three wagering pool.