Statutes, codes, and regulations
Washington Administrative Code
Title 260 - Horse Racing Commission
Chapter 260-49 - Advance deposit wagering
Section 260-49-070 - Distribution of source market fee

Wash. Admin. Code § 260-49-070

Download
PDF
Current through Register Vol. 24-23, December 1, 2024
Section 260-49-070 - Distribution of source market fee
(1) A source market fee shall be paid monthly, unless otherwise directed by the commission, for the source market fee area on all accounts that have Washington as the principal residence address.
(2) The authorized advance deposit wagering service provider shall, at least monthly, unless otherwise directed by the commission, distribute the total source market fee as follows:
(a) One hundred percent of the total source market fee directly to the class 1 racing association.
(b) The class 1 racing association shall submit monthly 8.5 percent of the total source market fee to the commission of which 2.5 percent to be deposited into the Washington bred owners' bonus fund and 6 percent to be deposited into the commission's operating account.
(c) The class 1 racing association shall distribute 2.5 percent of the total source market fee to the Washington bred breeder award account as provided in RCW 67.16.175.
(d) The class 1 racing association and the recognized horsemen's organization shall negotiate a separate agreement for contributions to the purse account from the source market fee and submit the agreement for review and approval by the commission. The class 1 racing association shall distribute the horsemen's share of the source market fee in accordance with the horseman's agreement.
(3) The commission shall annually review the distribution of the source market fee. Any changes to the distribution shall be adopted by rule.

Wash. Admin. Code § 260-49-070

Amended by WSR 20-19-062, Filed 9/11/2020, effective 10/12/2020
Amended by WSR 22-02-047, Filed 1/3/2022, effective 2/3/2022
Amended by WSR 22-24-110, Filed 12/7/2022, effective 1/7/2023
Amended by WSR 23-12-024, Filed 5/26/2023, effective 7/1/2023
Amended by WSR 24-14-102, Filed 7/1/2024, effective 8/1/2024

Statutory Authority: RCW 67.16.020. 11-17-056, § 260-49-070, filed 8/15/11, effective 9/15/11. Statutory Authority: RCW 67.16.020 and 67.16.040. 09-21-015, § 260-49-070, filed 10/9/09, effective 11/9/09; 05-19-015, § 260-49-070, filed 9/9/05, effective 10/10/05. Statutory Authority: RCW 67.16.020. 04-21-053, § 260-49-070, filed 10/18/04, effective 11/18/04.