DEDUCTIONS FROM HORSE PARI-MUTUEL POOLS
Known as the Texas Racing Act
The act spans §§ 2021.001 to 2035.106 (279 sections).
Added by Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969), Sec. 1.01, eff
(a) A horse racetrack association shall deduct an amount from each pari-mutuel pool to be distributed as provided by Sections 2028.102, 2028.103, and 2028.104.
(b) The total maximum deduction under Subsection (a) is:
(1) 18 percent from a regular wagering pool;
(2) 21 percent from a multiple two wagering pool; and
(3) 25 percent from a multiple three wagering pool.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.