230.378 Wagers at track, at simulcast facility, or through telephone account

279 words·~1 min read·/ky/230-378

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

wagering system -- Commission -- Tax exemption.

(1)A receiving track may accept wagers only at the track where it is licensed to

conduct its race meeting or conduct intertrack wagering. A receiving track may

accept wagers through a telephone account wagering system. Wagers at a receiving

track, simulcast facility, or on telephone account wagering shall form a common

pool with wagers at a host track. This common pool requirement shall not apply to

wagers made in connection with interstate simulcasting pursuant to KRS 230.3771;

however, common pools shall be encouraged.

(2)Except as provided in KRS 230.3771(2), the commission of a receiving track,

simulcast facility, or on telephone account wagering shall be the same as the

commission of the host track as determined in KRS 230.3615 or 230.750.

(3)In the absence of a valid contract with a horsemen's organization, the commission

of a receiving track, after deduction of applicable taxes and other applicable

deductions, shall be split as follows: twenty-two percent (22%) to the host track,

twenty-two percent (22%) to the purse program at the host track, twenty-two

percent (22%) to the receiving track and twenty-two percent (22%) to the purse

program at the receiving track. Twelve percent (12%) of the commission shall be

allocated evenly between the host track and the receiving track to cover the cost of

simulcasting, unless otherwise agreed to by contract.

(4)The deduction for the backside improvement fund, as provided for in KRS

230.3615(4) shall not apply to the commission or pari-mutuel tax of a receiving

track or telephone account wagering.

(5)A receiving track shall be exempt from any license fee imposed by statute or

administrative regulation by the corporation.