Volume 734, Page 1597 View pdf image |
MARVIN MANDEL, Governor 1597 represented by a single ticket evidencing a single wager on one horse. Multiple mutuel pool means a separate wagering pool in which an interest is represented by a single wager on two or more horses. Each such licensee having a total wager in excess of $166,666.67 daily average during the racing season, in any one year OF THE BREAKAGE COMPUTED TO THE TEN CENTS (100) ON__THE AMOUNT WAGERED ON RACES CONDUCTED AT A FACILITY OWNED BY THE LICENSEE. ANY BREAKAGE RETAINED BY THE LICENSEE SHALL BE USED FOR PHYSICAL IMPROVEMENTS (AS APPROVED BY THE STATE RACING COMMISSION FOR THE YEAR 1976 AND THEREAFTER) TO THE FACILITY OWNED BY THE LICENSEE. AT LEAST ONE HALF OF THOSE IMPROVEMENTS SHALL BE FOR THOSE license fee of twenty—five dollars ($25.00) for each day that races are held, provided that the Racing Commission one per centum of all money wagered in excess of two million dollars ($2,000,000) with a maximum of three SECTION 2. AND BE IT FURTHER ENACTED, That this Act Approved May 17, 1976. CHAPTER 600 |
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Volume 734, Page 1597 View pdf image |
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