Okla. Stat. tit. 3A, § 3A-208
This is the official text of Okla. Stat. tit. 3A, § 3A-208, 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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Breakage - Distribution of proceeds
Official statutory text
A. From any payment made to an individual who has wagered by
contributing to a pari-mutuel pool operated by an organization
licensee, the organization licensee shall deduct the odd cents by
which the amount payable on each dollar wagered exceeds a multiple
of ten cents ($0.10). If there is a minus pari-mutuel pool, the
organization licensee shall deduct the odd cents by which the amount
payable on each dollar wagered exceeds a multiple of five cents
($0.05). The amount so deducted shall be known as breakage.
B. All breakage proceeds shall be remitted by the organization
licensee to the Commission for deposit in the Oklahoma Breeding
Development Fund Special Account.
Added by State Question No. 553, Initiative Petition No. 315,
adopted at election held Sept. 21, 1982. Amended by Laws 1983, c.
11, § 26, emerg. eff. March 22, 1983; Laws 1989, c. 369, § 99,
operative July 1, 1989.
contributing to a pari-mutuel pool operated by an organization
licensee, the organization licensee shall deduct the odd cents by
which the amount payable on each dollar wagered exceeds a multiple
of ten cents ($0.10). If there is a minus pari-mutuel pool, the
organization licensee shall deduct the odd cents by which the amount
payable on each dollar wagered exceeds a multiple of five cents
($0.05). The amount so deducted shall be known as breakage.
B. All breakage proceeds shall be remitted by the organization
licensee to the Commission for deposit in the Oklahoma Breeding
Development Fund Special Account.
Added by State Question No. 553, Initiative Petition No. 315,
adopted at election held Sept. 21, 1982. Amended by Laws 1983, c.
11, § 26, emerg. eff. March 22, 1983; Laws 1989, c. 369, § 99,
operative July 1, 1989.
Status: in_force · Read it on the official government site
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