In addition to mutuel wagering authorized by this chapter to be conducted upon the premises of a race course, a race meet licensee may conduct off-race course mutuel wagering in accordance with ORS § 462.700 to 462.740 and Oregon Racing Commission rules. [1987 c.913 § 2; 2005 c.72 § 3]

Terms Used In Oregon Statutes 462.700

  • Commission: means the Oregon Racing Commission. See Oregon Statutes 462.010
  • Licensee: means a person, partnership, corporation, political subdivision, municipal corporation or any other body holding a license under this chapter. See Oregon Statutes 462.010
  • Mutuel: means a system whereby:

    (a) Wagers with respect to the outcome of a race are placed with a wagering pool in which the participants are not wagering against the operator; and

    (b) The operator distributes to one or more winning participants the total amount in the wagering pool, less amounts deducted by the operator as approved by the commission. See Oregon Statutes 462.010

  • Race: includes races conducted without wagering, provided one or more races in the meet are conducted with wagering. See Oregon Statutes 462.010
  • Race meet: means any exhibition of animal racing where the mutuel system is used in conjunction with any race. See Oregon Statutes 462.010

 

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