Kentucky Statutes 230.3615 – Limitation on commission of operator of Thoroughbred race track — Breaks — Payment for backside improvement fund
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(1) The commission, including the tax levied in KRS § 138.510, deducted from the gross amount wagered by the association which operates a race track under the jurisdiction of the Kentucky Horse Racing Commission and conducts the Thoroughbred racing at which betting is conducted through a pari-mutuel or other similar system, in races where the patron is required to select one (1) horse, and the breaks, which breaks shall be made and calculated to the penny, except on races previously run in which the breaks shall be made and calculated to the penny or retained in the pari-mutuel pools, shall not be more than seventeen and one-half percent (17.5%).
(2) The commission, including the tax levied in KRS § 138.510, deducted from the gross amount wagered by the person, corporation, or association which operates a race track under the jurisdiction of the Kentucky Horse Racing Commission and conducts Thoroughbred racing at which betting is conducted through a pari-mutuel or other similar system shall not exceed twenty-two percent (22%) of the gross handle in races where the patron is required to select two (2) or more horses, and the breaks, which breaks shall be made and calculated to the penny, except on races previously run in which the breaks shall be made and calculated to the penny or retained in the pari-mutuel pools.
(3) The minimum wager to be accepted by any licensed association shall be ten cents ($0.10). The minimum pay-off on a one dollar ($1) wager shall be one dollar and ten cents ($1.10); but, in the event of a minus pool, the minimum pay-off for a one dollar ($1) wager shall be one dollar and five cents ($1.05).
(4) Each association conducting Thoroughbred racing shall pay to the racing commission all moneys allocated to the backside improvement fund in an amount equal to one-half of one percent (0.5%) of its on-track pari-mutuel wagers.
Effective: July 14, 2022
History: Amended 2022 Ky. Acts ch. 124, sec. 18, effective July 14, 2022. — Amended
2010 Ky. Acts ch. 24, sec. 461, effective July 15, 2010. — Amended 2009 Ky. Acts ch. 80, sec. 9, effective June 25, 2009. — Amended 2004 Ky. Acts ch. 191, sec. 17, effective July 13, 2004. — Repealed, reenacted, and amended 1992 Ky. Acts ch. 109, sec. 8, effective March 30, 1992. — Amended 1990 Ky. Acts ch. 159, sec. 3, effective July 13, 1990. — Amended 1986 Ky. Acts ch. 214, sec. 1, effective July 15, 1986; and ch. 296, sec. 2, effective July 15, 1986. — Amended 1980 Ky. Acts ch. 343, sec.
1, effective July 15, 1980. — Amended 1976 Ky. Acts ch. 343, sec. 2, effective June
17, 1978. — Amended 1970 Ky. Acts ch. 258, sec. 1. — Amended 1956 Ky. Acts ch.
13, sec. 1. — Amended 1954 Ky. Acts ch. 76, sec. 1. — Created 1948 Ky. Acts ch. 35, sec. 1.
Formerly codified as KRS § 138.515.
(2) The commission, including the tax levied in KRS § 138.510, deducted from the gross amount wagered by the person, corporation, or association which operates a race track under the jurisdiction of the Kentucky Horse Racing Commission and conducts Thoroughbred racing at which betting is conducted through a pari-mutuel or other similar system shall not exceed twenty-two percent (22%) of the gross handle in races where the patron is required to select two (2) or more horses, and the breaks, which breaks shall be made and calculated to the penny, except on races previously run in which the breaks shall be made and calculated to the penny or retained in the pari-mutuel pools.
Terms Used In Kentucky Statutes 230.3615
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Racing commission: means the Kentucky Horse Racing Commission. See Kentucky Statutes 230.210
- Thoroughbred racing: means a form of horse racing in which each horse participating in the race is a Thoroughbred, (i. See Kentucky Statutes 230.210
(3) The minimum wager to be accepted by any licensed association shall be ten cents ($0.10). The minimum pay-off on a one dollar ($1) wager shall be one dollar and ten cents ($1.10); but, in the event of a minus pool, the minimum pay-off for a one dollar ($1) wager shall be one dollar and five cents ($1.05).
(4) Each association conducting Thoroughbred racing shall pay to the racing commission all moneys allocated to the backside improvement fund in an amount equal to one-half of one percent (0.5%) of its on-track pari-mutuel wagers.
Effective: July 14, 2022
History: Amended 2022 Ky. Acts ch. 124, sec. 18, effective July 14, 2022. — Amended
2010 Ky. Acts ch. 24, sec. 461, effective July 15, 2010. — Amended 2009 Ky. Acts ch. 80, sec. 9, effective June 25, 2009. — Amended 2004 Ky. Acts ch. 191, sec. 17, effective July 13, 2004. — Repealed, reenacted, and amended 1992 Ky. Acts ch. 109, sec. 8, effective March 30, 1992. — Amended 1990 Ky. Acts ch. 159, sec. 3, effective July 13, 1990. — Amended 1986 Ky. Acts ch. 214, sec. 1, effective July 15, 1986; and ch. 296, sec. 2, effective July 15, 1986. — Amended 1980 Ky. Acts ch. 343, sec.
1, effective July 15, 1980. — Amended 1976 Ky. Acts ch. 343, sec. 2, effective June
17, 1978. — Amended 1970 Ky. Acts ch. 258, sec. 1. — Amended 1956 Ky. Acts ch.
13, sec. 1. — Amended 1954 Ky. Acts ch. 76, sec. 1. — Created 1948 Ky. Acts ch. 35, sec. 1.
Formerly codified as KRS § 138.515.