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§ 9335. Pari-mutuel pool distribution

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 3 Pa.C.S.A. AgricultureEffective: October 28, 2016

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 3 Pa.C.S.A. Agriculture
Part VIII. Horse Racing (Refs & Annos)
Chapter 93. Race Horse Industry Reform (Refs & Annos)
Subchapter B. Racing Oversight
Effective: October 28, 2016
3 Pa.C.S.A. § 9335
Formerly cited as PA ST 4 P.S. § 325.221;  PA ST 71 P.S. § 720.55;  PA ST 4 P.S. § 325.222
§ 9335. Pari-mutuel pool distribution
Currentness
(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.

Credits

2016, Oct. 28, P.L. 913, No. 114, § 4, imd. effective.
3 Pa.C.S.A. § 9335, PA ST 3 Pa.C.S.A. § 9335
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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