§ 41-4-4 - Licensee's commission under pari-mutuel system.
SECTION 41-4-4
§ 41-4-4 Licensee's commission underpari-mutuel system. – (a) Each licensee under the pari-mutuel system may retain as the licensee'scommission:
(1) Not to exceed sixteen percent (16%) of the total amountof money wagered on so called straight (win, place, or show) wagering onevents; and
(2) Not to exceed eighteen percent (18%) of the total amountof money wagered on so called exotic or multiple forms of wagering on suchevents, and one half (1/2) of the breakage to the dime resulting from thewagering.
(b) Each licensee conducting a harness horse racing meetingunder the pari mutuel system may retain as the licensee's commission:
(1) Not to exceed eleven and one half percent (11.5%) of somuch of the total amount of money wagered daily on such events as does notexceed four hundred thousand dollars ($400,000); ten and one quarter percent(10.25%) of so much thereof as exceeds four hundred thousand dollars($400,000), but does not exceed four hundred and fifty thousand dollars($450,000); nine and three quarters percent (9.75%) of so much thereof asexceeds four hundred and fifty thousand dollars ($450,000), but does not exceedfive hundred thousand dollars ($500,000); and seven percent (7%) of so much ofthe total amount of money wagered on such events as exceeds five hundredthousand dollars ($500,000); and
(2) One half (1/2) of the breakage to the dime resulting fromthe wagering.
(c) Each licensee conducting dog racing events under thepari-mutuel system may retain as the licensee's commission an amount not toexceed:
(1) Eleven and one-half percent (11.5%) of the first onehundred and fifty thousand dollars ($150,000) of money wagered daily; pluseight percent (8%) on amounts wagered from one hundred and fifty thousanddollars ($150,000) to two hundred and fifty thousand dollars ($250,000); plussix and three quarters percent (6.75%) on amounts wagered from two hundred andfifty thousand dollars ($250,000) to three hundred and seventy-five thousanddollars ($375,000); plus six and one quarter percent (6.25%) on amounts wageredover three hundred and seventy-five thousand dollars ($375,000); and
(2) One half (1/2) of the breakage to the dime resulting fromthe wagering.