11 Va. Admin. Code § 10-20-350

Current through Register Vol. 41, No. 8, December 2, 2024

Section 11VAC10-20-350 - Purse amounts

Pursuant to § 59.1-392 of the Code of Virginia, 8.0% of the pari-mutuel pools for straight wagering, and 9.0% of the pari-mutuel pools for multiple wagers shall be allocated for purse money to participants by the licensee. In making the distribution of purse money, the licensee shall, to the extent possible, maintain purse amounts in proper relationship to actual pari-mutuel handles.

Derived from VR662-01-02 § 4.1, eff. March 14, 1990; amended, Virginia Register Volume 6, Issue 13, eff. April 25, 1990; Volume 10, Issue 13, eff. April 20, 1994.

Statutory Authority

§ 59.1-369 of the Code of Virginia.