Louisiana Administrative Code
Title 35 - HORSE RACING
Part XIII - Wagering
Chapter 103 - Pari-Mutuels
Section XIII-10365 - Association's Deduction from Pari-Mutuel Pool
Universal Citation: LA Admin Code XIII-10365
Current through Register Vol. 50, No. 9, September 20, 2024
A. The commission deducted by the association from pari-mutuel pools shall not exceed that percentage which is provided by law of the gross amount of money handled and the odd cents over any multiple of $0.10 of winnings per dollar wagered. All associations licensed by the commission to conduct racing under the pari-mutuel or certificate system of wagering must in all cases of a minus pool, pay off $1.05 on each $1 wager.
AUTHORITY NOTE: Promulgated in accordance with R.S. 4:149, R.S. 4:166 and R.S. 4:166.3.
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