A. From any payment made to an individual who has wagered by contributing to a pari-mutuel pool operated by an organization licensee, the organization licensee shall deduct the odd cents by which the amount payable on each dollar wagered exceeds a multiple of ten cents ($0.10). If there is a minus pari-mutuel pool, the organization licensee shall deduct the odd cents by which the amount payable on each dollar wagered exceeds a multiple of five cents ($0.05). The amount so deducted shall be known as breakage. B. All breakage proceeds shall be remitted by the organization licensee to the Commission for deposit in the Oklahoma Breeding Development Fund Special Account. Added by State Question No. 553, Initiative Petition No. 315, adopted at election held Sept. 21, 1982.
Okla. Stat. tit. 3A, § 208
Breakage - Distribution of proceeds
Known as the Oklahoma Charity Games Act
The act spans §§ 3–3 (202 sections).
Amended by Laws 1983, c. 11, § 26, emerg. eff
Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.