La. Admin. Code tit. 35 § XIII-10365
Current through Register Vol. 50, No. 9, September 20, 2024
Section XIII-10365 - Association's Deduction from Pari-Mutuel PoolA. The commission deducted by the association from pari-mutuel pools shall not exceed that percentage which is provided by law of the gross amount of money handled and the odd cents over any multiple of $0.10 of winnings per dollar wagered. All associations licensed by the commission to conduct racing under the pari-mutuel or certificate system of wagering must in all cases of a minus pool, pay off $1.05 on each $1 wager.La. Admin. Code tit. 35, § XIII-10365
Adopted by the Racing Commission in 1971, promulgated by the Department of Commerce, Racing Commission, LR 2:441 (December 1976), amended LR 3:37 (January 1977), LR 4:282 (August 1978), amended by the Department of Economic Development, Racing Commission, LR23:709 (June 1997).AUTHORITY NOTE: Promulgated in accordance with R.S. 4:149, R.S. 4:166 and R.S. 4:166.3.