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§3A-205.8.
§3A-205.8.
A. Pursuant to rules and regulations of the Oklahoma Horse Racing
Commission, an organization licensee shall be permitted to conduct a
National Breeders' Cup pick seven.
B. Any organization licensee authorized by the Commission to accept
wagers on the results of the National Breeders' Cup races shall
apportion all money wagered on pick seven wagers as follows:
1. Seven percent (7%) shall be remitted to the Oklahoma Tax Commission
on the first business day following the close of the racing day on
which it was assessed. The revenue shall be apportioned monthly to the
General Revenue Fund of the state for the support of the state
government, to be paid out only pursuant to appropriation by the
Legislature;
2. Ten percent (10%) shall be retained by the organization licensee;
3. Eight percent (8%) shall be retained by the organization licensee
to be distributed as purses; and
4. Seventy-five percent (75%) shall be placed in a separate
pari-mutuel pool but shall be commingled with other states' pick seven
wager pari-mutuel pools as governed by rules set forth by the
Commission.
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