Section 431.317 – Lawful Forms of Pari-Mutuel Wagering; Preapproval by Racing Commissioner Required; Use of Totalisator or Other Device; Commission Retained by Holder of Race Meeting License; Definitions; Retention and Payment of Breaks; Payoff Prices of Tickets; “Minus Pool” Defined; Patron Less Than 18 Years Old Prohibited; Wagering to Occur at Licensed Race Meeting; Prohibited Conduct; Felony; Penalty; “Act or Transaction Relative to Pari-Mutuel Wagering on Results of Live or Simulcast Horse Races” Defined.
431.317 Lawful forms of pari-mutuel wagering; preapproval by racing commissioner required; use of totalisator or other device; commission retained by holder of race meeting license; definitions; retention and payment of breaks; payoff prices of tickets; “minus pool” defined; patron less than 18 years old prohibited; wagering to occur at licensed race meeting; prohibited conduct; felony; […]
Section 431.318 – Simulcast; Authorization; Permit; Conditions; Wagering; Pools; Providing Equipment and Simulcast Signals to Other Licensees; Fees; Simulcasting Other Events Prohibited; Definitions.
431.318 Simulcast; authorization; permit; conditions; wagering; pools; providing equipment and simulcast signals to other licensees; fees; simulcasting other events prohibited; definitions. Sec. 18. (1) Simulcasting by race meeting licensees may be authorized by the racing commissioner subject to the limitations of this section. Except as specifically provided in section 12, a race meeting licensee shall […]
Section 431.319 – Payment Into Horsemen’s Purse Account; Disposition; Distribution; Payment of Net Commission on Live and Simulcast Racing to the Pari-Mutuel Horse Racing Disbursement Account.
431.319 Payment into horsemen’s purse account; disposition; distribution; payment of net commission on live and simulcast racing to the pari-mutuel horse racing disbursement account. Sec. 19. (1) Subject to subsection (2), a race meeting licensee shall pay an amount equal to not less than 25% and not more than 40% of the net commission generated […]
Section 431.319a – Surrender, Revocation, or Escrow of License; Transfer of Purse Pool Money.
431.319a Surrender, revocation, or escrow of license; transfer of purse pool money. Sec. 19a. If a track license is surrendered, revoked, or escrowed, or a licensed track is closed, the racing commissioner shall order the horsemen’s purse pool money from the track be transferred to a depository designated by a race meeting licensee on written […]
Section 431.319b – Money Placed in Escrow Before Effective Date of Amendatory Act; Use by September 1, 2017.
431.319b Money placed in escrow before effective date of amendatory act; use by September 1, 2017. Sec. 19b. Money that was to be distributed to a certified horsemen’s organization but that was placed and remains in escrow under an escrow order of the racing commissioner before the effective date of the amendatory act that added […]
Section 431.319c – Michigan Harness Horsemen’s Association; Transfer and Use of Money.
431.319c Michigan Harness Horsemen’s Association; transfer and use of money. Sec. 19c. The Michigan Harness Horsemen’s Association shall not expend the money it is holding in its horsemen’s simulcast purse account that was transferred under an order of the racing commissioner dated April 8, 2019 until June 1, 2020, on which date the Michigan Harness […]
Section 431.320 – Michigan Agriculture and Equine Industry Development Fund; Payments to Programs; Carrying Forward Appropriated and Allotted Money; Deposit in Compulsive Gaming Prevention Fund; Rules; Excess to the Pari-Mutuel Horse Racing Disbursement Account.
431.320 Michigan agriculture and equine industry development fund; payments to programs; carrying forward appropriated and allotted money; deposit in compulsive gaming prevention fund; rules; excess to the pari-mutuel horse racing disbursement account. Sec. 20. (1) It is the policy of this state to encourage the breeding of horses of all breeds in this state and […]
Section 431.320a – Allocation of Tax.
431.320a Allocation of tax. Sec. 20a. The tax imposed under section 22 on wagers processed through licensed third-party facilitators operating under this act must be allocated as follows: (a) Ninety percent to be deposited in the Michigan agriculture and equine industry development fund created under section 20. (b) Ten percent to the horse racing advisory […]
Section 431.321 – Police, Fire, and Traffic Protection.
431.321 Police, fire, and traffic protection. Sec. 21. Local units of government participating in the distribution of funds under section 17(4) shall provide for adequate police, fire, and traffic protection of persons and property at and near each race meet, including areas where occupational licenses are required. Each local unit of government participating in the […]
Section 431.322 – License Fee and Tax.
431.322 License fee and tax. Sec. 22. (1) A licensed racetrack shall pay a license fee to the racing commissioner of $1,000.00 annually. (2) Each holder of a race meeting license shall pay to the state treasurer, from the holder’s commission, as follows: (a) A tax in the amount of 3.5% of money wagered on […]