“Parimutuel wagering” is a form of wagering in which bettors either purchase tickets of various denominations, or issue wagering instructions leading to the placement of wagers, on the outcome of one or more horse races. The association distributes the total wagers comprising each pool, less the amounts retained for purposes specified in this chapter, to winning bettors based on the official race results.
Cal. Bus. & Prof. Code § 19411
General Provisions and Definitions
Known as the Horse Racing Law
The act spans §§ 19400–19668 (334 sections).
Applied in 1 court decision — leading case Redrock Administrative Services LLC v. Magna Entertainment Corp. (In Re Magna Entertainment Corp.) (2010)
Most recently applied in Redrock Administrative Services LLC v. Magna Entertainment Corp. (In Re Magna Entertainment Corp.) (September 2010)
Amended (as amended by Stats. 2001, Ch. 198, Sec. 1) by Stats. 2007, Ch. 613, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.