Tex. Occ. Code § 2028.152

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2028.152 - Distribution of Pari-Mutuel Pool

Each greyhound racetrack association shall distribute all money deposited in any pari-mutuel pool to the winning ticket holders who present tickets for payment not later than the 60th day after the closing day of the greyhound race meeting at which the pool was formed less:

(1) an amount paid as a commission of 18 percent of the total deposits in pools resulting from regular win, place, and show wagering;

(2) an amount not to exceed 21 percent of the total deposits in pools resulting from multiple two wagering; and

(3) an amount not to exceed 25 percent of the total deposits in pools resulting from multiple three wagering.

Tex. Occ. Code § 2028.152

Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 963,Sec. 1.01, eff. 4/1/2019.