Okla. Stat. tit. 3A, § 3A-205.8
This is the official text of Okla. Stat. tit. 3A, § 3A-205.8, part of Oklahoma’s Stat. tit. 3A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 3A,." Browse the sections below, each linked to its official government source.
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National Breeders' Cup - Pick seven wagers -
Official statutory text
Apportionment of wagered funds.
A. Pursuant to rules and regulations of the Oklahoma Horse
Racing Commission, an organization licensee shall be permitted to
conduct a National Breeders' Cup pick seven.
B. Any organization licensee authorized by the Commission to
accept wagers on the results of the National Breeders' Cup races
shall apportion all money wagered on pick seven wagers as follows:
1. Seven percent (7%) 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. The revenue shall be
apportioned monthly to the General Revenue Fund of the state for the
support of the state government, to be paid out only pursuant to
appropriation by the Legislature;
2. Ten percent (10%) shall be retained by the organization
licensee;
3. Eight percent (8%) shall be retained by the organization
licensee to be distributed as purses; and
4. Seventy-five percent (75%) shall be placed in a separate
pari-mutuel pool but shall be commingled with other states' pick
seven wager pari-mutuel pools as governed by rules set forth by the
Commission.
A. Pursuant to rules and regulations of the Oklahoma Horse
Racing Commission, an organization licensee shall be permitted to
conduct a National Breeders' Cup pick seven.
B. Any organization licensee authorized by the Commission to
accept wagers on the results of the National Breeders' Cup races
shall apportion all money wagered on pick seven wagers as follows:
1. Seven percent (7%) 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. The revenue shall be
apportioned monthly to the General Revenue Fund of the state for the
support of the state government, to be paid out only pursuant to
appropriation by the Legislature;
2. Ten percent (10%) shall be retained by the organization
licensee;
3. Eight percent (8%) shall be retained by the organization
licensee to be distributed as purses; and
4. Seventy-five percent (75%) shall be placed in a separate
pari-mutuel pool but shall be commingled with other states' pick
seven wager pari-mutuel pools as governed by rules set forth by the
Commission.
Status: in_force · Read it on the official government site
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