462.068 Fees for wagering on certain previously held races

288 words·~1 min read·/or/ors-chapter-462/racing/462-068

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

462.068 Fees for wagering on certain previously held races.

(1)A licensee that conducts mutuel wagering pursuant to ORS 462.155 at the licensee’s race course on horse races previously held shall make annual payments as follows:

(a)$200,000, as modified by subsection

(2)of this section, to the Oregon Racing Commission.

(b)$20,000, as modified by subsection

(2)of this section, to a purse account that may be used only to supplement purses of races consisting exclusively of Oregon bred horses. However, subject to prior approval of the commission, a portion of the moneys described in this paragraph may be paid to one or more associations of horsemen for operating expenses and other benefits for horsemen.

(c)$150,000, as modified by subsection

(2)of this section, to the Oregon Thoroughbred Owners and Breeders Association, Incorporated, for purse supplements for owners or breeders of Oregon bred thoroughbred horses.

(d)$50,000, as modified by subsection

(2)of this section, to the Oregon Quarter Horse Racing Association, Incorporated, for purse supplements for owners or breeders of Oregon bred quarter horses.

(e)$50,000, as modified by subsection

(2)of this section, to a special track fund of the type, and for the uses and purposes, and subject to the conditions set forth in ORS 462.057 (1)(c)(F).

(2)The dollar amounts specified in subsection

(1)of this section apply to payments required in 2022. In each subsequent year, the amounts are increased by three percent from the amounts due in the immediately preceding year.

(3)Subject to prior approval of the commission, each horsemen’s association designated in subsection (1)(c) and

(d)of this section may use a portion of the purse supplements for operating expenses and other benefits for horsemen. [2021 c.573 §2]