|
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| Title 3A. Amusements and Sports |
Oklahoma Statutes Citationized
Title 3A. Amusements and Sports
Chapter 2 - Horse Racing
Oklahoma Horse Racing Act
Section 208 - Breakage-Distribution
Cite as: O.S. §, __ __
A. From any payment made to an individual who has wagered by contributing to a pari-mutuel pool operated by an organization licensee, the organization licensee shall deduct the odd cents by which the amount payable on each dollar wagered exceeds a multiple of ten cents ($0.10). If there is a minus pari-mutuel pool, the organization licensee shall deduct the odd cents by which the amount payable on each dollar wagered exceeds a multiple of five cents ($0.05). The amount so deducted shall be known as breakage.
B. All breakage proceeds shall be remitted by the organization licensee to the Commission for deposit in the Oklahoma Breeding Development Fund Special Account.
Historical Data
State Question No. 553, Initiative Petitiion No. 315, ,adopted at election held Sept. 21, 1982. Laws 1983, c. 11, § 26, emerg. eff. March 22, 1983; Laws 1989, c. 369, § 99, eff. July 1, 1989.
Citationizer© Summary of Documents Citing This Document| Cite | Name | Level | |
|---|---|---|---|
| Oklahoma Attorney General's Opinions | |||
| Cite | Name | Level | |
| 1987 OK AG 73, | Question Submitted by: Gordon Hare, Executive Director, Oklahoma Horse Racing Commission | Cited | |
| Cite | Name | Level |
|---|
| None Found. |