Every association which conducts a racing meeting shall deduct 15 percent of the total amount handled in conventional parimutuel pools and 16.75 percent of the total amount handled in exotic parimutuel pools, except that any association conducting a harness racing meeting shall deduct 17.75 percent of the total amount handled in exotic parimutuel pools. The amounts as deducted shall be distributed as prescribed in this chapter.
Cal. Bus. & Prof. Code § 19610
License Fees, Commissions, and Purses
Known as the Horse Racing Law
The act spans §§ 19400–19668 (334 sections).
Applied in 1 court decision — leading case 205 Cal. App. 3d 597 - Mosesian v. McClatchy Newspapers (1988)
Most recently applied in 205 Cal. App. 3d 597 - Mosesian v. McClatchy Newspapers (October 1988)
Amended by Stats. 1984, Ch. 1739, 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.