“Pari-mutuel wagering” means a system of placing wagers on a horse race whereby the wager is placed at a window and equipment is used to pay a person’s winnings in the precise amount of money wagered by persons who did not win, after deducting taxes owed and commissions charged by the race track.
NRS 466.028
“Pari-mutuel wagering” defined
Known as the Nevada Racing Act
The act spans §§ 466–466 (47 sections).
(Added to NRS by 1991, 704; A 1997, 3130)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.