23-4-301. Parimutuel betting — other betting illegal — penalty. (1) It is unlawful to make, report, record, or register a bet or wager on the result of a contest of speed, skill, or endurance of an animal, whether the contest is held within or outside this state, except under 23-5-502 or this chapter. (2) A licensee conducting […]
23-4-302. Distribution of deposits — breakage. (1) Each licensee conducting the parimutuel system for a simulcast race meet shall distribute all funds deposited in any pool to the winner of the parimutuel pool, less an amount that in the case of exotic wagering on races may not exceed 26% and in all other races may not […]
23-4-303. Licensee’s right to withhold deposits. Subject to 15-10-420, if a government or governmental agency imposes a levy on a licensee by a special tax on the money deposited under the parimutuel system or upon or against a licensee’s receipts, the licensee may withhold in addition to the percent and breakage provided for in 23-4-302 the […]
23-4-304. Gross receipts — department’s percentage — collection and allocation. (1) (a) Each live race meet licensee shall pay to the department within 5 days following receipt by the licensee 1% of the gross receipts of each day’s parimutuel betting at each race meet. At the end of each race meet the licensee shall prepare a report […]
23-4-305. Deposit of unclaimed money. Each licensee holding a race meet shall, within 30 days of the end of the meet, report to the board the total face value of all unclaimed winning tickets from each parimutuel pool. The money from unclaimed winning tickets must be retained by the licensee for capital improvement approved by the […]
