431.319 Payment into horsemen's purse account; disposition; distribution; payment of net commission on live and simulcast racing to the pari-mutuel horse racing disbursem

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431.319 Payment into horsemen's purse account; disposition; distribution; payment of net commission on live and simulcast racing to the pari-mutuel horse racing disbursement account.

Sec. 19.

(1)Subject to subsection (2), a race meeting licensee shall pay an amount equal to not less than 25% and not more than 40% of the net commission generated at the licensee's race meeting to a site-specific horsemen's purse account. Money paid into a horsemen's purse account under this act must be deposited in a depository designated by the participating certified horsemen's organizations and distributed by their designated agent as follows:

(a)For purses for live horse races at a licensed race meeting in this state.

(b)Each year, all certified horsemen's organizations that participate in a live race meeting may receive an amount approved by order of the racing commissioner to use for general expenses. Beginning on January 1 and ending on December 31 of each year, the certified horsemen's organization is entitled to not less than 5% of the site-specific horsemen's purse account as ordered by the racing commissioner.

(2)A race meeting licensee shall pay the net commission generated from wagering on live and simulcast racing through the race meeting licensee's third-party facilitator to the pari-mutuel horse racing disbursement account. On the first day of each month after the effective date of the amendatory act that added this subsection, money paid into the pari-mutuel horse racing disbursement account must be distributed as follows:

(a)Fifty percent to be divided equally to each certified horsemen's organization.

(b)Fifty percent to be divided equally to each track licensee.

History: 1995, Act 279, Imd. Eff. Jan. 9, 1996 ;-- Am. 2016, Act 271 , Imd. Eff. July 1, 2016 ;-- Am. 2019, Act 153 , Imd. Eff. Dec. 20, 2019

Admin Rule: R 285.812.1 et seq. of the Michigan Administrative Code.