Okla. Stat. tit. 3A, § 3A-205.6

of funds retained from money wagered - Revenue bond financing of

racetrack or facility prohibited.

A. Any organization licensee conducting a race meeting may

provide places on the race meeting grounds at which it may conduct

Oklahoma Statutes - Title 3A. Amusements and Sports Page 30

and supervise the pari-mutuel system of wagering on the horse races

conducted by the organization licensee at the race meeting. No

other place or method of betting, pool making, wagering, or gambling

shall be used or permitted by the organization licensee. The pari-

mutuel system of wagering shall be permitted only on horse races

conducted at a racetrack where such pari-mutuel system of wagering

is authorized pursuant to the provisions of the Oklahoma Horse

Racing Act.

B. Each organization licensee that holds a race meeting at

which the pari-mutuel system of wagering is conducted shall retain

an amount equal to eighteen percent (18%) of all money wagered, to

be distributed as follows:

1. The first One Hundred Million Dollars ($100,000,000.00)

wagered per calendar year for each type of racing shall be

distributed as follows provided, that all racing dates exclusively

for Thoroughbred racing in a calendar year shall be combined for the

purpose of computing taxation rates and all racing dates for mixed

racing and all other individual breeds in a calendar year shall be

combined but considered separate from Thoroughbred racing for the

purpose of computing taxation rates:

a. one-ninth (1/9) of the eighteen percent (18%) shall be

remitted to the Oklahoma Tax Commission on the first

business day following the close of the racing day on

which it was assessed. One hundred percent (100%) of

the revenue derived pursuant to the provisions of this

paragraph shall be apportioned monthly to the Oklahoma

Horse Racing Commission Operational Expenses Revolving

Fund, and

b. five-ninths (5/9) of the eighteen percent (18%) shall

be retained by the organization licensee, and

c. one-third (1/3) of the eighteen percent (18%) shall be

retained by the organization licensee to be

distributed as purses for participating horses.

2. All money wagered per calendar year for each type of racing

in excess of One Hundred Million Dollars ($100,000,000.00) but not

to exceed One Hundred Fifty Million Dollars ($150,000,000.00) shall

be distributed as follows provided, that all racing dates

exclusively for Thoroughbred racing in a calendar year shall be

combined for the purpose of computing taxation rates and all racing

dates for mixed racing and all other individual breeds in a calendar

year shall be combined but considered separate from Thoroughbred

racing for the purpose of computing taxation rates:

a. one-ninth (1/9) of the eighteen percent (18%) shall be

remitted to the Oklahoma Tax Commission on the first

business day following the close of the racing day on

which it was assessed. One hundred percent (100%) of

the revenue derived pursuant to the provisions of this

Oklahoma Statutes - Title 3A. Amusements and Sports Page 31

paragraph shall be apportioned monthly to the Oklahoma

Horse Racing Commission Operational Expenses Revolving

Fund, and

b. four-ninths (4/9) of the eighteen percent(18%) shall

be retained by the organization licensee, and

c. one-third (1/3) of the eighteen percent (18%) shall be

retained by the organization licensee to be

distributed as purses for participating horses, and

d. one-ninth (1/9) of the eighteen percent (18%) shall be

retained by the organization licensee to be

distributed as follows:

(1) seventy-five percent (75%) as purses for

participating horses, and
etained by the organization licensee, and

c. one-third (1/3) of the eighteen percent (18%) shall be

retained by the organization licensee to be

distributed as purses for participating horses, and

d. one-ninth (1/9) of the eighteen percent (18%) shall be

retained by the organization licensee to be

distributed as follows:

(1) seventy-five percent (75%) as purses for

participating horses, and

(2) twenty-five percent (25%) shall be remitted to

the Commission, at such intervals as required by

the Commission, for deposit in the Oklahoma

Breeding Development Fund Special Account.

3. All money wagered per calendar year for each type of racing

in excess of One Hundred Fifty Million Dollars ($150,000,000.00)

shall be distributed as follows provided, that all racing dates

exclusively for Thoroughbred racing in a calendar year shall be

combined for the purpose of computing taxation rates and all racing

dates for mixed racing and all other individual breeds in a calendar

year shall be combined but considered separate from Thoroughbred

racing for the purpose of computing taxation rates:

a. one-ninth (1/9) of the eighteen percent (18%) shall be

remitted to the Oklahoma Tax Commission on the first

business day following the close of the racing day on

which it was assessed. One hundred percent (100%) of

the revenue derived pursuant to the provisions of this

paragraph shall be apportioned monthly to the Oklahoma

Horse Racing Commission Operational Expenses Revolving

Fund, and

b. one-third (1/3) of the eighteen percent (18%) shall be

retained by the organization licensee, and

c. one-third (1/3) of the eighteen percent (18%) shall be

retained by the organization licensee to be

distributed as purses for participating horses, and

d. two-ninths (2/9) of the eighteen percent (18%) shall

be retained by the organization licensee to be

distributed as follows:

(1) seventy-five percent (75%) as purses for

participating horses, and

(2) twenty-five percent (25%) shall be remitted to

the Commission, at such intervals as required by

the Commission, for deposit in the Oklahoma

Breeding Development Fund Special Account.

Oklahoma Statutes - Title 3A. Amusements and Sports Page 32

C. Notwithstanding any other provisions of this act, the state

shall collect six percent (6%) of the total amount wagered under the

provisions of this act at such time the organization licensee has no

further debt service.

D. In addition to the amount required to be retained by the

provisions of subsection B of this section, each organization

licensee holding a race meeting at which the pari-mutuel system of

wagering is conducted shall retain an additional amount equal to

three percent (3%) of all money wagered on multiple race wagers

involving not to exceed two races and on multiple horse wagers not

to exceed two horses in the same race.

Such amount shall be retained by the organization licensee to be

distributed as follows:

1. Two-thirds (2/3) of three percent (3%) shall be distributed:

a. seventy-five percent (75%) as purses for participating

horses, and

b. twenty-five percent (25%) shall be remitted to the

Commission, at such intervals as required by the

Commission, for deposit in the Oklahoma Breeding

Development Fund Special Account; and

2. One-third (1/3) of the three percent (3%) shall be

distributed:

a. fifty percent (50%) as purses for participating

horses, and

b. fifty percent (50%) to the organization licensee.

E. Each organization licensee shall retain an amount not less

than twenty-one percent (21%) nor greater than twenty-five percent

(25%) of all money wagered on multiple race wagers involving more

than two races, and on multiple horse wagers involving more than two

horses such amount shall be distributed as follows:

1. Eighteen percent (18%) pursuant to subsection B of this

section;

2. Three percent (3%) pursuant to subsection D of this section;

and
ss

than twenty-one percent (21%) nor greater than twenty-five percent

(25%) of all money wagered on multiple race wagers involving more

than two races, and on multiple horse wagers involving more than two

horses such amount shall be distributed as follows:

1. Eighteen percent (18%) pursuant to subsection B of this

section;

2. Three percent (3%) pursuant to subsection D of this section;

and

3. Of the remainder, fifty percent (50%) to be distributed as

purses for participating horses and fifty percent (50%) to the

organization licensee.

F. Organization licensees shall keep accurate books and records

of all monies wagered on each day of a race meeting and of the taxes

paid pursuant to the provisions of this section. The Oklahoma Tax

Commission or an authorized representative shall have access at all

reasonable times to such records for the purpose of examining and

checking the records and ascertaining whether the proper amount of

taxes is being paid. The Oklahoma Tax Commission shall require

verified reports and a statement of the total of all monies wagered

daily at a race meeting and may prescribe forms upon which such

reports and statement shall be made. The organization licensee

Oklahoma Statutes - Title 3A. Amusements and Sports Page 33

shall provide the Oklahoma Tax Commission with such space and

accommodations as may be necessary for the Oklahoma Tax Commission

to implement its duties pursuant to the provisions of the Oklahoma

Horse Racing Act.

G. No revenue bonds issued by a public trust, as authorized by

the provisions of Title 62 of the Oklahoma Statutes, shall be used

to finance any racetrack or racing facility.

H. All monies retained or to be distributed for purses shall be

held in trust by the Horsemen's Bookkeeper pursuant to Section

208.13 of this title for the duly designated horsemen's organization

for purses.