California Business and Professions Code

§ 19604

BPC § 19604 Effective Jan 1, 2022Div. 8 · Ch. 4 · Art. 9

Statute text

The board may authorize a racing association, racing fair, betting system, or multijurisdictional wagering hub to conduct advance deposit wagering in accordance with this section. Racing associations, racing fairs, and their respective horsemen’s organizations may form a partnership, joint venture, or any other affiliation in order to further the purposes of this section.

(a)As used in this section, the following definitions apply:

(1)“Advance deposit wagering” (ADW) means a form of parimutuel wagering in which a person residing within California or outside of this state establishes an account with an ADW provider, and subsequently issues wagering instructions concerning the funds in this account, thereby authorizing the ADW provider holding the account to place wagers on the account owner’s behalf.

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Legislative history

Amended by Stats. 2021, Ch. 531, Sec. 1. (AB 1173) Effective January 1, 2022.