Cal. Bus. & Prof. Code § 19597

Current through the 2023 Legislative Session.
Section 19597 - Deduction of applicable breakage

Notwithstanding any other provision of this chapter, a person licensed under this chapter to conduct a horse racing meeting shall, as to any payment made to a person who has wagered by contributing to a parimutuel pool operated by such licensee, also deduct the applicable breakage, as defined by Section 19405.

Ca. Bus. and Prof'l. Code § 19597

Amended by Stats 2000 ch 1082 (SB 2054), s 83, eff. 1/1/2001.