Kansas Statutes 74-8819. Parimutuel wagering
Terms Used In Kansas Statutes 74-8819
- Breakage: means the odd cents by which the amount payable on each dollar wagered exceeds:
(1) A multiple of $. See Kansas Statutes 74-8802
- Commission: means the Kansas racing and gaming commission created by this act. See Kansas Statutes 74-8802
- Greyhound: means any greyhound breed of dog properly registered with the national greyhound association of Abilene, Kansas. See Kansas Statutes 74-8802
- Organization licensee: means a nonprofit organization licensed by the commission to conduct races pursuant to this act and, if the license so provides, to construct or own a racetrack facility. See Kansas Statutes 74-8802
- Parimutuel pool: means the total money wagered by individuals on one or more horses or greyhounds in a particular horse or greyhound race to win, place or show, or combinations thereof, as established by the commission, and, except in the case of an interstate or intrastate combined wagering pool, held by the organization licensee pursuant to the parimutuel system of wagering. See Kansas Statutes 74-8802
- Parimutuel wagering: means a form of wagering on the outcome of horse and greyhound races, including historical horse races conducted by an historical horse race machine, in which those who wager purchase tickets of various denominations on one or more horses or greyhounds and all wagers for each race are pooled and the winning ticket holders are paid prizes from such pool in amounts proportional to the total receipts in the pool. See Kansas Statutes 74-8802
- Race meeting: means one or more periods of racing days during a calendar year designated by the commission for which an organization licensee has been approved by the commission to hold live horse or greyhound races or simulcast horse races at which parimutuel wagering is conducted, including such additional time as designated by the commission for the conduct of official business before and after the races. See Kansas Statutes 74-8802
- racetrack facility: includes a facility used for the display of and wagering on simulcast races and the operation of historical horse race machines without any live horse or greyhound races being conducted. See Kansas Statutes 74-8802
- Simulcast: means a live audio-visual broadcast of an actual horse race at the time it is run. See Kansas Statutes 74-8802
- Takeout: means the total amount of money withheld from each parimutuel pool for the payment of purses, taxes and the share to be kept by the organization licensee. See Kansas Statutes 74-8802
(a) Organizations licensed pursuant to Kan. Stat. Ann. §§ 74-8813 or 74-8814, and amendments thereto, may conduct parimutuel wagering on the results of horse and greyhound races held on dates and at racetrack facilities approved by the commission and on simulcast races as provided by Kan. Stat. Ann. § 74-8836, and amendments thereto. All persons participating in such wagering shall be present within the confines of the approved racetrack facility.
(b) Organization licensees shall issue a ticket to each person placing a wager, which ticket shall show the date and number of the race, the amount wagered and the number of the horse or greyhound selected by the person. The licensee may receive wagers on horses or greyhounds to finish first, second, third, fourth or any combination thereof within the same race or among two or more live races conducted or simulcast races displayed on the same day at the same racetrack facility, as authorized by the commission.
(c) After wagering has been closed for each live race conducted by the licensee, the organization licensee may deduct an amount not exceeding 18% of the total wagered in each parimutuel pool and the balance, less the breakage, shall be paid to holders of winning tickets for that pool in accordance with procedures authorized by the commission. The commission may authorize a higher amount not exceeding 25% to be deducted from the total wagered in parimutuel pools for multiple and exotic bets.
(d) From the amount deducted as provided in subsection (c), the organization licensee shall pay the purses as provided in Kan. Stat. Ann. § 74-8820, and amendments thereto, and the tax as specified in Kan. Stat. Ann. § 74-8823, and amendments thereto. The balance of the amount deducted shall be used for the purposes of the organization licensee as such purposes have been represented to the commission.
(e) The provisions of Kan. Stat. Ann. § 74-8836, and amendments thereto, shall govern takeout and its distribution in the case of simulcast races displayed by an organization licensee.
(f) No organization licensee shall loan money or any other thing of value to any person for the purpose of permitting that person to wager on any race.
(g) All parimutuel tellers and clerks shall be employees of the organization licensee approved by the commission to conduct the parimutuel wagering at a race meeting.