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Current as of January 01, 2022 | Updated by FindLaw Staff
(a) The Commission shall authorize commissions pursuant to subsection (b) of this section on pari-mutuel or totalizator pools to all licensees operating a racing meet pursuant to this chapter. The commission shall be a portion of the total daily contributions to all pari-mutuel or totalizator pools conducted or made at the racing meet and at every race at that meet, plus the odd cents of all redistributions to be made on all pari-mutuel or totalizator pool contributions exceeding the sum equal to the next lowest multiple of 10, such odd cents to be calculated upon the basis of each dollar wagered.
(b)
IF TOTAL DAILY CONTRIBUTIONS TO SUCH |
||||||
---|---|---|---|---|---|---|
COMMISSION |
POOLS ARE: |
|||||
16 1/2 % |
$1.00 |
to |
$400,000 |
|||
14 1/2 % |
$400,001 |
to |
$600,000 |
|||
12 1/2 % |
over $600,000. |
Cite this article: FindLaw.com - Delaware Code Title 28. Sports and Amusements § 446. Licensee's commissions on pari-mutuel and totalizator pools - last updated January 01, 2022 | https://codes.findlaw.com/de/title-28-sports-and-amusements/de-code-sect-28-446/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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