California Codes, Business and Professions Code - BPC, Division 8 — Special Business Regulations, Chapter 4 — Horse Racing, Article 9.5 — License Fees, Commissions, and Purses, Section 19616.2
(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.
Notes
Requires an association accepting wagers on an out-of-state feature race in the out-of-state operator's parimutuel pool, except under the referenced exception, to deduct the same percentage it deducts from its own meeting pools. Requires an association using that common pool and deduction to calculate winning-ticket payments under the referenced payment rule.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 19616.2 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-4/article-9-5/section-19616-2