Nevada Revised Statutes 464.025 – Regulations governing off-track pari-mutuel wagering; sharing of revenue; approval of Commission
1. The Nevada Gaming Commission, upon the recommendation of the Nevada Gaming Control Board, may adopt regulations for:
Terms Used In Nevada Revised Statutes 464.025
- Off-track pari-mutuel wagering: means any pari-mutuel system of wagering approved by the Nevada Gaming Commission for the acceptance of wagers on:
(a) Horse or dog races which take place outside of this state;
(b) Sporting events; or
(c) Other events. See Nevada Revised Statutes 464.005
- Pari-mutuel system of wagering: means any system whereby wagers with respect to the outcome of a race, sporting event or other event are placed in a wagering pool conducted by a person licensed or otherwise permitted to do so under state law, and in which the participants are wagering with each other and not against that person. See Nevada Revised Statutes 464.005
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
(a) The conduct by a licensee of off-track pari-mutuel wagering on a race, sporting event or other event; and
(b) The approval of the terms and conditions of any agreement between a licensee and an agency of the state in which the race, sporting event or other event takes place or a person licensed or approved by that state to participate in the conduct of the race, sporting event or other event or the pari-mutuel system of wagering thereon.
2. A person or governmental agency must not receive any commission or otherwise share in the revenue from the conduct of off-track pari-mutuel wagering in this state without the approval of the Nevada Gaming Commission. The Commission may approve any person or governmental agency after such investigation as the Nevada Gaming Control Board deems proper.