There is a newer version
of
this Statute
2019 Nevada Revised Statutes
Chapter 466 - Horse Racing
NRS 466.151 - Limitation on commissions deducted by licensee from pari-mutuel wagering; other deductions in paying bets.
Universal Citation: NV Rev Stat § 466.151 (2019)
1. The commissions deducted by any licensee from pari-mutuel wagering on racing must not exceed 20 percent of the gross amount of money handled in each pari-mutuel pool operated by the licensee during the period of the license.
2. In addition to the commissions provided for in subsection 1, the licensee may deduct odd cents less than 10 cents per dollar in paying bets.
(Added to NRS by 1965, 527; A 1973, 468; 1987, 636)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
