Nevada Revised Statutes Title 41. Gaming; Horse Racing; Sporting Events § 466.125. Tax on conducting racing with pari-mutuel wagering; distribution of portion of pari-mutuel money as purses; exceptions

1. Each licensee conducting racing with pari-mutuel wagering shall pay to the Commission for the use of the State a tax at the rate of 2 percent on all pari-mutuel money handled on horse races during the race meeting.

2. State fair associations, agricultural societies, county fair and recreation boards, county agricultural associations and nonprofit organizations formed to conduct race meetings shall pay 1 percent of the pari-mutuel money handled during race meetings.

3. Each licensee conducting racing with pari-mutuel wagering, except a state fair association, agricultural society, county fair and recreation board or other association to which state or county aid is given, shall distribute not less than 8 percent of all pari-mutuel money handled on horse races as purses to the owners of the horses winning those races.