Louisiana Revised Statutes 4:166.4 – Pick-six exotic wagering pool; allocation of proceeds
Terms Used In Louisiana Revised Statutes 4:166.4
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
A. After the payment of any license fees, commissions, and deductions required by this Chapter, the money remaining in a pick-six exotic wagering pool shall be distributed in the following manner. On any racing day in a week except the last, the entire pool shall be paid out to persons who wagered on the pool and picked all six winners; if no one picked all six winning horses and the pool does not exceed fifty thousand dollars, then the entire pool shall be carried over to the next betting day of the same week. This process shall continue until the last betting day of the week. On the final betting day of each week, the entire sum then in the pick-six pool shall be paid out to the person or persons who picked the highest number of winning horses regardless of the total number of horses picked.
B. For the purposes of this Section a week shall be defined as the consecutive days during which any race track operates. The actual days included in a week may vary from track to track.
Added by Acts 1981, No. 908, §1. Amended by Acts 1982, No. 222, §1.