California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 4 — Horse RacingArticle 9.5 — License Fees, Commissions, and PursesSection 19610
Every association which conducts a racing meeting shall deduct 15 percent of the total amount handled in conventional parimutuel pools and 16.75 percent of the total amount handled in exotic parimutuel pools, except that any association conducting a harness racing meeting shall deduct 17.75 percent of the total amount handled in exotic parimutuel pools. The amounts as deducted shall be distributed as prescribed in this chapter.
Notes
Requires every racing association to deduct 15% from conventional parimutuel pools and 16.75% from exotic pools, except harness racing meetings must deduct 17.75% from exotic pools. The deducted amounts are then distributed as the chapter prescribes, making the higher exotic-pool percentage the express harness-meeting exception.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 19610 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-4/article-9-5/section-19610