Notwithstanding any other provision of this chapter, a person licensed under this chapter to conduct a horse racing meeting shall, as to any payment made to a person who has wagered by contributing to a parimutuel pool operated by such licensee, also deduct the applicable breakage, as defined by Section 19405.
Cal. Bus. & Prof. Code § 19597
Wagering
Known as the Horse Racing Law
The act spans §§ 19400–19668 (334 sections).
Amended by Stats. 2000, Ch. 1082, Sec. 83
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.