74-8820. Payment of purses.

217 words·~1 min read·/ks/chapter-74/74-8820

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)An organization licensee shall be required to pay a minimum purse equal to at least 4 / 18 of the total takeout on all parimutuel pools from live greyhound races conducted by the licensee, computed weekly, and 6 / 18 of the total takeout on all parimutuel pools from live horse races conducted by the licensee, computed for the entire race meeting. Moneys paid for purses or stakes from breakage, from the Kansas horse breeding development fund, from the Kansas greyhound breeding development fund or from owners' payments in the form of nominations, entry fees, stakes payments or other payments by owners shall not be considered in calculating the minimum purse requirements of this section. The commission shall approve the amount of minimum purse which may be paid in stakes races during each race meeting. None of the minimum purse shall be used for any other purpose except as specified by this section.

(b)Nothing contained in this section shall be construed to limit the maximum purse to be paid.

(c)Purses shall be paid directly to the owner of a greyhound or, if a greyhound is leased, the purse shall be paid directly to the lessor and lessee as agreed in a written lease agreement on file with the organization licensee.