Limitation on commissions deducted by licensee from pari-mutuel wagering; other deductions in paying bets
Known as the Nevada Racing Act
The act spans §§ 466–466 (47 sections).
(Added to NRS by 1965, 527; A 1973, 468; 1987, 636)
1. The commissions deducted by any licensee from pari-mutuel wagering on racing must not exceed 20 percent of the gross amount of money handled in each pari-mutuel pool operated by the licensee during the period of the license.
2. In addition to the commissions provided for in subsection 1, the licensee may deduct odd cents less than 10 cents per dollar in paying bets.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.