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Current as of January 01, 2023 | Updated by Findlaw Staff
(1) Notwithstanding any other provision of this chapter, the Oregon Racing Commission may develop and adopt rules to license and regulate all phases of operation of “Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs” located in Oregon. In addition to the other rules of operation adopted by the commission, the commission shall adopt a rule setting the amount that may be taken from the gross receipts of the multi-jurisdictional mutuel system.
(2) All employees working in Oregon and all officers of any “Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs” located and operating in Oregon must obtain a license from the Oregon Racing Commission prior to the commencement of business or employment. The commission shall adopt rules establishing license fees for the employees and officers, not to exceed $30 per year.
(3) Payments to be made to the Oregon Racing Commission include:
(a) “Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hub” license fee not more than $200 per operating day.
(b) Not more than one percent of total gross receipts of mutuel wagering recorded by the totalizator system.
(4) Of the moneys received by the Oregon Racing Commission under subsection (3)(b) of this section, 25 percent shall be paid to the State Treasurer for deposit in the General Fund and 75 percent shall be retained by the commission. The Oregon Racing Commission may adopt rules under which the moneys retained by the commission may be distributed for the benefit of the Oregon pari-mutuel racing industry.
Cite this article: FindLaw.com - Oregon Revised Statutes Public Health and Safety § 462.725 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-36-public-health-and-safety/or-rev-st-sect-462-725/
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 before relying on it for your legal needs.
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