§ 208. Breakage--Distribution of proceeds
Oklahoma Statutes AnnotatedTitle 3A. Amusements and Sports
3A Okl.St.Ann. § 208
§ 208. Breakage--Distribution of proceeds
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.
Credits
State Question No. 553, Initiative Petition No. 315, adopted at election held Sept. 21, 1982; Laws 1983, c. 11, § 26, emerg. eff. March 22, 1983; Laws 1989, c. 369, § 99, operative July 1, 1989.
3A Okl. St. Ann. § 208, OK ST T. 3A § 208
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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