California Codes, Business and Professions Code - BPC, Division 8 — Special Business Regulations, Chapter 4 — Horse Racing, Article 9 — Wagering, Section 19597
Notwithstanding any other provision of this chapter, a person licensed under this chapter to conduct a horse racing meeting shall, as to any payment made to a person who has wagered by contributing to a parimutuel pool operated by such licensee, also deduct the applicable breakage, as defined by Section 19405.
Notes
Requires a person licensed to conduct a horse racing meeting, when paying a person who wagered by contributing to a parimutuel pool operated by that licensee, to deduct the applicable breakage. The provision applies notwithstanding other provisions of the chapter and uses the chapter’s separately defined meaning of breakage.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 19597 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-4/article-9/section-19597