§ 9335. Pari-mutuel pool distribution.
248 words·~1 min read·
/pa/title-3/chapter-93/9335A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 9335. Pari-mutuel pool distribution.
(a)Distribution.-- A licensed racing entity shall distribute money in a pari-mutuel pool to the holders of winning tickets presented for payment before the first day of April of the year following the date of purchase. Failure to present a winning ticket within the prescribed period of time shall constitute a waiver of the right to participate in the award or dividend. After April 1 of the year following the year of purchase, a licensed racing entity shall forward the necessary funds held for uncashed tickets to the Department of Revenue. The funds shall be deposited into the State Racing Fund.
(b)Remainder.-- The remainder of the money shall be retained by the licensed racing entity in the following manner:
(1)Seventeen percent of the money plus the breakage from regular wagering pools or 19% of the money plus the breakage from regular wagering pools for licensed racing entities whose daily total in all pari-mutuel pools averaged less than $300,000.
(2)Twenty percent of the money plus breakage from the exacta, daily double, quinella and other wagering pools as determined by the commission.
(3)At least 26%, but no more than 35%, from the trifecta or other wagering pools as determined by the commission.
(c)Retention.-- A licensed racing entity may retain lesser percentages upon approval of the commission.
03c9335v
Cross References. Section 9335 is referred to in sections 9334, 9344 of this title; sections 13F06, 13F08, 13F42 of Title 4 (Amusements).
03c9336s