[Previous] [Next]

§3A-208.


§3A-208.
   
   A. From any payment made to an individual who has wagered by
   contributing to a pari-mutuel pool operated by an organization
   licensee, the organization licensee shall deduct the odd cents by
   which the amount payable on each dollar wagered exceeds a multiple of
   ten cents ($0.10). If there is a minus pari-mutuel pool, the
   organization licensee shall deduct the odd cents by which the amount
   payable on each dollar wagered exceeds a multiple of five cents
   ($0.05). The amount so deducted shall be known as breakage.
   
   B. All breakage proceeds shall be remitted by the organization
   licensee to the Commission for deposit in the Oklahoma Breeding
   Development Fund Special Account.
   

[Previous] [Next]