Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 19411 — General Provisions and Definitions
Cal. Bus. & Prof. Code § 19411
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Date
- 2008-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“Parimutuel wagering” is a form of wagering in which bettors either purchase tickets of various denominations, or issue wagering instructions leading to the placement of wagers, on the outcome of one or more horse races. The association distributes the total wagers comprising each pool, less the…
Citator
Cal. Bus. & Prof. Code § 19411 — General Provisions and Definitions is in force in the current edition of the Code, and nothing recorded condemns it.
“Parimutuel wagering” is a form of wagering in which bettors either purchase tickets of various denominations, or issue wagering instructions leading to the placement of wagers, on the outcome of one or more horse races. The association distributes the total wagers comprising each pool, less the amounts retained for purposes specified in this chapter, to winning bettors based on the official race results.