California Business and Professions Code

§ 19616

BPC § 19616 Effective Jan 1, 1999Div. 8 · Ch. 4 · Art. 9.5

Statute text

(a)Notwithstanding any other provision of law, wagers accepted on out-of-state or out-of-country races pursuant to Sections 19596 and 19596.2, or on any multiple race exotic wager involving out-of-state races that is designated as a national wager, but not included in the parimutuel pool or pools of the entity conducting the out-of-state or out-of-country racing, shall be placed in a separate parimutuel pool or pools and shall be distributed as provided by this section.

(b)Each association accepting wagers on an out-of-state or out-of-country race shall deduct a percentage of the amount handled in its conventional and exotic parimutuel pools that is equal to the percentage deducted from the amount handled by the association in its parimutuel pools at its racing meeting.

(c)Each association shall pay a state license fee and make other distributions in accordance with Section 19601.

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Legislative history

Amended by Stats. 1998, Ch. 335, Sec. 29. Effective January 1, 1999.