Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 19616.2 — License Fees, Commissions, and Purses
Cal. Bus. & Prof. Code § 19616.2
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Date
- 1992-09-14
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) Except as provided in Section 19616.1, an association conducting wagering on an out-of-state feature race that is included in the parimutuel pool of the out-of-state entity conducting the out-of-state racing shall deduct a percentage equal to the percentage deducted from the amount handled…
Citator
Cal. Bus. & Prof. Code § 19616.2 — License Fees, Commissions, and Purses is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Except as provided in Section 19616.1, an association conducting wagering on an out-of-state feature race that is included in the parimutuel pool of the out-of-state entity conducting the out-of-state racing shall deduct a percentage equal to the percentage deducted from the amount handled by the association in its parimutuel pools at its racing meeting.
(b) An association that accepts wagers in a common parimutuel pool on an out-of-state feature race and deducts a percentage equal to that deducted from the amount handled by the association in its parimutuel pool at its racing meeting, as specified in subdivision (a), shall calculate payments on winning tickets as provided in Section 19602.