§ 23-111-510. Admission tax
(a) (1) Each franchise holder authorized to conduct a race meeting under this chapter shall pay to the Arkansas Racing Commission for the use and benefit of the State of Arkansas either ten percent (10%) of all moneys received each day from admissions paid by persons attending the races at the meeting or the sum […]
§ 23-111-511. Record keeping by franchise holder — Audit
(a) Every franchise holder conducting race meetings under this chapter shall keep its books and records so as to clearly show the true number of admissions, the total amount of money contributed to each pari-mutuel pool on each race separately, and the amount of money received daily from admission fees. (b) Within sixty (60) days […]
§ 23-111-512. Commission’s access to meets, books, records, etc
(a) The Arkansas Racing Commission shall at all times have access to any portion of the space or enclosure where a race meeting is held, including the space or enclosure where the pari-mutuel or certificate system of wagering is conducted or supervised at any racing meet, for the purpose of ascertaining whether or not the […]
§ 23-111-513. Failure to pay tax
(a) Any franchise holder failing or refusing to pay the amount found to be due the Arkansas Racing Commission from any tax provided for or imposed by this chapter shall be guilty of a violation and upon conviction shall be punished by a fine of not more than five thousand dollars ($5,000) in addition to […]
§ 23-111-514. Franchise holder required to give bond
Every franchise holder to which a license may be granted under this chapter at its own cost and expense shall, before the license is delivered, give a bond, in the penal sum of ten thousand dollars ($10,000) payable to the Arkansas Racing Commission with a surety to be approved by the commission, conditioned to faithfully […]
§ 23-111-515. Additional racing days for the benefit of small municipalities and community colleges
(a) (1) The Arkansas Racing Commission is authorized to allow each dog racing franchise holder to conduct six (6) additional days of racing during each twelve-month period. (2) The additional days of racing may be divided between each of the two (2) racing meets allowed by this section, or all the additional days of racing […]
§ 23-111-516. Health insurance
From the amount withheld and retained by the dog racing franchise holder pursuant to § 23-111-509, the franchise holder shall set aside for the use and benefit of his or her employees for the purpose of maintaining health insurance benefits, one-half of one percent (0.5%) of all moneys wagered on live racing and on racing […]
§ 23-111-517. Disposition of pari-mutuel tax revenue
(a) Each year, the first eighty-five thousand dollars ($85,000) of the pari-mutuel tax revenue derived from § 23-111-505(a) shall be remitted directly to Arkansas State University Mid-South and shall be used by the college for facilities, programming, and personnel in the support of a nursing program. (b) The revenue received by the college under this […]
§ 23-111-518. Legislative intent — Definitions — Payable winnings agreements
(a) It is the intent of the General Assembly to recognize the rich history of greyhound racing in the state and to provide clarity in the law regarding payable winnings agreements to ensure that the purpose of The Arkansas Casino Gaming Amendment of 2018, Arkansas Constitution, Amendment 100, is met while maintaining the traditions related […]
§ 23-111-307. Franchises granted prior to July 1, 1957
(a) (1) Any permit granted prior to July 1, 1957, to conduct greyhound racing in this state is validated, and the action of the authority granting the permit is ratified and confirmed. (2) Whether or not the permit has been granted for a definite period of time, the holder of the permit shall pay a […]