99D.11 - PARI-MUTUEL WAGERING -- TELEVISING RACES -- AGE RESTRICTIONS.

        99D.11  PARI-MUTUEL WAGERING -- TELEVISING RACES --
      AGE RESTRICTIONS.
         1.  Except as permitted in this section, the licensee shall permit
      no form of wagering on the results of the races.
         2.  Licensees shall only permit the pari-mutuel or certificate
      method of wagering as defined in this section.
         3.  The licensee may receive wagers of money only from a person
      present in a licensed racetrack enclosure on a horse or dog in the
      race selected by the person making the wager to finish first in the
      race.  The person wagering shall acquire an interest in the total
      money wagered on all horses or dogs in the race as first winners in
      proportion to the amount of money wagered by the person.
         4.  The licensee shall issue to each person wagering a certificate
      on which shall be shown the number of the race, the amount wagered,
      and the number or name of the horse or dog selected as first winner.

         5.  As each race is run the licensee shall deduct sixteen percent
      from the total sum wagered on all horses or dogs as first winners.
      However, the commission shall authorize at the request of the
      licensee a deduction of a higher or lower percentage of the total sum
      wagered not to exceed eighteen percent and the additional deduction
      shall be retained by the licensee.  The balance, after deducting
      breakage, shall be paid to the holders of certificates on the winning
      horse or dog in the proportion that the amount wagered by each
      certificate holder bears to the total amount wagered on all horses or
      dogs in the race as first winners.  The licensee may pay a larger
      amount if approved by the commission.  The licensee shall likewise
      receive other wagers on horses or dogs in places or combinations the
      commission may authorize.  The method, procedure, and the authority
      and right of the licensee, as well as the deduction allowed to the
      licensee, shall be as specified with respect to wagers upon horses or
      dogs selected to run first.  However, the commission shall authorize
      at the request of the licensee a deduction of a higher or lower
      percent of the total sum wagered not to exceed twenty-four percent on
      multiple or exotic wagering involving not more than two horses or
      dogs.  The deduction authorized above twenty percent on the multiple
      or exotic wagering involving not more than two dogs or horses shall
      be retained by the licensee.  For exotic wagering involving three or
      more horses or dogs, the commission shall authorize at the request of
      the licensee a deduction of a higher or lower percent of the total
      sum wagered not to exceed twenty-five percent on the exotic wagers.
      The additional deduction authorized above twenty-two percent on the
      multiple or exotic wagers involving more than two horses or dogs
      shall be retained by the licensee.  One percent of the exotic wagers
      on three or more horses or dogs shall be distributed as provided in
      section 99D.12.
         6. a.  All wagering shall be conducted within the racetrack
      enclosure where the licensed race is held, except as provided in
      paragraph "b".
         b.  The commission may authorize the licensee to
      simultaneously telecast within the racetrack enclosure, for the
      purpose of pari-mutuel wagering, a horse or dog race licensed by the
      racing authority of another state.  It is the responsibility of each
      licensee to obtain the consent of appropriate racing officials in
      other states as required by the federal Interstate Horseracing Act of
      1978, 15 U.S.C. § 3001-3007, to televise races for the purpose of
      conducting pari-mutuel wagering.  A licensee may also obtain the
      permission of a person licensed by the commission to conduct horse or
      dog races in this state to televise races conducted by that person
      for the purpose of conducting pari-mutuel racing.  However,
      arrangements made by a licensee to televise any race for the purpose
      of conducting pari-mutuel wagering are subject to the approval of the
      commission, and the commission shall select the races to be
      televised.  The races selected by the commission shall be the same
      for all licensees approved by the commission to televise races for
      the purpose of conducting pari-mutuel wagering.  The commission shall
      not authorize the simultaneous telecast or televising of and a
      licensee shall not simultaneously telecast or televise any horse or
      dog race for the purpose of conducting pari-mutuel wagering unless
      the simultaneous telecast or televising is done at the racetrack of a
      licensee that schedules no less than sixty performances of nine live
      races each day of the season.  For purposes of the taxes imposed
      under this chapter, races televised by a licensee for purposes of
      pari-mutuel wagering shall be treated as if the races were held at
      the racetrack of the licensee.  Notwithstanding any contrary
      provision in this chapter, the commission may allow a licensee to
      adopt the same deductions as those of the pari-mutuel racetrack from
      which the races are being simultaneously telecast.
         7.  A person under the age of twenty-one years shall not make or
      attempt to make a pari-mutuel wager.  A person who violates this
      subsection commits a scheduled violation under section 805.8C,
      subsection 5, paragraph "a".  
         Section History: Recentrm
         83 Acts, ch 187, § 11; 84 Acts, ch 1266, § 11--13; 89 Acts, ch
      216, §1; 90 Acts, ch 1175, § 5; 90 Acts, ch 1261, § 31; 91 Acts, ch
      166, §2, 3; 92 Acts, ch 1163, §23; 92 Acts, ch 1203, § 3, 4; 92 Acts,
      ch 1207, §1; 94 Acts, ch 1021, §3, 4; 96 Acts, ch 1211, § 32; 2004
      Acts, ch 1136, §12; 2005 Acts, ch 3, §25; 2009 Acts, ch 88, §1
         Referred to in § 99D.2, 99D.9, 99D.10, 99D.13, 99D.16, 99D.24,
      805.8C(5)