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Texas Occupations Code - OCC § 2028.101. Deductions from Horse Pari-Mutuel Pools

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A horse racetrack association shall deduct an amount from each pari-mutuel pool to be distributed as provided by Sections 2028.102, 2028.103, and 2028.104.

(b) The total maximum deduction under Subsection (a) is:

(1) 18 percent from a regular wagering pool;

(2) 21 percent from a multiple two wagering pool; and

(3) 25 percent from a multiple three wagering pool.

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Cite this article: FindLaw.com - Texas Occupations Code - OCC § 2028.101. Deductions from Horse Pari-Mutuel Pools - last updated January 01, 2024 | https://codes.findlaw.com/tx/occupations-code/occ-sect-2028-101/

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