Occupations Code › Title 13 › Chapter 2028 › Subchapter C

Texas Occupations Code § 2028.101

Deductions from Horse Pari-Mutuel Pools

Pari-Mutuel Pools, Purses, and Fees · Disposition of Horse Pari-Mutuel Pools and Other Amounts Related to Horse Racing

(a) A horse racetrack association shall deduct an amount from each pari-mutuel pool to be distributed as provided by Sections 2028.102, 2028.103, and 2028.104.

(b) The total maximum deduction under Subsection (a) is:

(1) 18 percent from a regular wagering pool;

(2) 21 percent from a multiple two wagering pool; and

(3) 25 percent from a multiple three wagering pool.

Official text of the Texas Occupations Code as published by the Texas Legislative Council.

Official source
Legislative history

Added by Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969), Sec. 1.01, eff. April 1, 2019.

This section refers to

§ 2028.102§ 2028.103§ 2028.104

Sections that refer to this one

§ 2028.104§ 2028.202