Current through Register Vol. 54, No. 24, June 15, 2024
Section 173.5 - Retention and distribution of retention(a) A licensed corporation that establishes a common pari-mutuel pool under this chapter shall retain from each wager placed in this Commonwealth an amount equal to the percentage retention rate approved by the Commission.(b) The Commission will not approve a percentage retention rate which is less than or exceeds the minimum or maximum retention rate permitted for comparable wagers under section 221 of the act (4 P. S. § 325.221).(c) A wager placed in this Commonwealth for inclusion in a common pari-mutuel pool established under this chapter shall be included by the licensed corporation in the amount wagered that racing day. A wager placed in another jurisdiction for inclusion in a common pari-mutuel pool established under this chapter may not be included in the amount wagered that racing day.(d) Money retained by a licensed corporation under subsection (a) plus breakage allocated to the licensed corporation that establishes a common pari-mutuel pool under this chapter, shall be distributed in the same manner as other amounts retained under the act.