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Washington Revised Code Title 67. Sports and Recreation--Convention Facilities § 67.16.170. Gross receipts--Retention of percentage by licensees

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) Licensees of race meets that are nonprofit in nature and are of ten days or less may retain daily for each authorized day of racing fifteen percent of daily gross receipts of all parimutuel machines at each race meet.

(2) Licensees of race meets that do not fall under subsection (1) of this section may retain daily for each authorized day of parimutuel wagering the following percentages from the daily gross receipts of all its in-state parimutuel machines:

(a) If the daily gross receipts of all its in-state parimutuel machines are more than fifty million dollars in the previous calendar year, the licensee may retain daily 13.70 percent of the daily gross receipts; and

(b) If the daily gross receipts of all its in-state parimutuel machines are fifty million dollars or less in the previous calendar year, the licensee may retain daily 14.48 percent of the daily gross receipts.

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Cite this article: FindLaw.com - Washington Revised Code Title 67. Sports and Recreation--Convention Facilities § 67.16.170. Gross receipts--Retention of percentage by licensees - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-67-sports-and-recreationconvention-facilities/wa-rev-code-67-16-170/

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