2012 Kentucky Revised Statutes CHAPTER 230 HORSE RACING AND SHOWING 230.750 Maximum allowable commission for harness track -- Allocation of portion of commission.
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230.750 Maximum allowable commission for harness track -- Allocation of portion
of commission.
The commission, including the tax levied in KRS 138.510, deducted from the gross
amount wagered by the person, corporation, or association which operates a harness horse
track under the jurisdiction of the racing commission at which betting is conducted
through a pari-mutuel or other similar system shall not exceed eighteen percent (18%) of
the gross amount handled on straight wagering pools and twenty-five percent (25%) of
the gross amount handled on multiple wagering pools, plus the breaks, which shall be
made and calculated to the dime. Multiple wagering pools shall include daily double,
perfecta, double perfecta, quinella, double quinella, trifecta, and other types of exotic
betting. An amount equal to three percent (3%) of the total amount wagered and included
in the commission of a harness host track shall be allocated by the harness host track in
the following manner. Two percent (2%) shall be allocated to the host for capital
improvements, promotions, including advertising, or purses, as the host track shall elect.
Three-quarters of one percent (3/4 of 1%) shall be allocated to overnight purses. Onequarter of one percent (1/4 of 1%) shall be allocated to the Kentucky standardbred,
quarterhorse, Appaloosa, and Arabian development fund. This allocation shall be made
after deduction from the commission of the pari-mutuel tax but prior to any other
deduction, allocation or division of the commission.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 484, effective July 15, 2010. -- Amended
2004 Ky. Acts ch. 191, sec. 43, effective July 13, 2004. -- Amended 1992 Ky. Acts
ch. 109, sec. 34, effective March 30, 1992. -- Amended 1990 Ky. Acts ch. 159,
sec. 11, effective March 30, 1990. -- Amended 1988 Ky. Acts ch. 376, sec. 11,
effective July 15, 1988. -- Amended 1986 Ky. Acts ch. 296, sec. 18, effective July
15, 1986. -- Amended 1980 Ky. Acts ch. 83, sec. 1, effective July 15, 1980. -Amended 1976 Ky. Acts ch. 343, sec. 3. -- Created 1974 Ky. Acts ch. 346, sec. 15.
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