There is a newer version of the California Code
2011 California Code
Business and Professions Code
DIVISION 8. SPECIAL BUSINESS REGULATIONS [18400 - 22948.7]
ARTICLE 9. Wagering
Section 19597
CA Bus & Prof Code § 19597 (through 2012 Leg Sess) What's This?
Notwithstanding any other provision of this chapter, a person licensed under this chapter to conduct a horse racing meeting shall, as to any payment made to a person who has wagered by contributing to a parimutuel pool operated by such licensee, also deduct the applicable breakage, as defined by Section 19405.
(Amended by Stats. 2000, Ch. 1082, Sec. 83. Effective January 1, 2001.)
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