Statutes, codes, and regulations
California Code Of Regulations
Title 4 - Business RegulationsDivision 4 - California Horse Racing Board
Article 18 - Pari-Mutuel Wagering
Section 1960 - Payout on Minus Pools

Cal. Code Regs. tit. 4 § 1960

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Current through Register 2024 Notice Reg. No. 45, November 8, 2024
Section 1960 - Payout on Minus Pools

The association must pay to the holder of any ticket or tickets entitling him to participate in the distribution of a parimutuel pool the amount wagered by such holder plus a minimum of 5% thereof. This requirement is unaffected by the existence of a parimutuel pool which does not contain sufficient money to distribute said 5% to all persons holding such tickets.

Cal. Code Regs. Tit. 4, § 1960

1. Change without regulatory effect amending section heading and adding new NOTE filed 12-23-96 pursuant to section 100, title 1, California Code of Regulations (Register 96, No. 52).

Note: Authority cited: Sections 19440 and 19590, Business and Professions Code. Reference: Section 19590, Business and Professions Code.

1. Change without regulatory effect amending section heading and adding new Note filed 12-23-96 pursuant to section 100, title 1, California Code of Regulations (Register 96, No. 52).