2009 Rhode Island Code
Title 41 - Sports, Racing, and Athletics
CHAPTER 41-4 - Mutuel Betting and License Fees
§ 41-4-4 - Licensee's commission under pari-mutuel system.

SECTION 41-4-4

   § 41-4-4  Licensee's commission under pari-mutuel system. – (a) Each licensee under the pari-mutuel system may retain as the licensee's commission:

   (1) Not to exceed sixteen percent (16%) of the total amount of money wagered on so called straight (win, place, or show) wagering on events; and

   (2) Not to exceed eighteen percent (18%) of the total amount of money wagered on so called exotic or multiple forms of wagering on such events, and one half (1/2) of the breakage to the dime resulting from the wagering.

   (b) Each licensee conducting a harness horse racing meeting under the pari mutuel system may retain as the licensee's commission:

   (1) Not to exceed eleven and one half percent (11.5%) of so much of the total amount of money wagered daily on such events as does not exceed 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 as exceeds four hundred and fifty thousand dollars ($450,000), but does not exceed five hundred thousand dollars ($500,000); and seven percent (7%) of so much of the total amount of money wagered on such events as exceeds five hundred thousand dollars ($500,000); and

   (2) One half (1/2) of the breakage to the dime resulting from the wagering.

   (c) Each licensee conducting dog racing events under the pari-mutuel system may retain as the licensee's commission an amount not to exceed:

   (1) Eleven and one-half percent (11.5%) of the first one hundred and fifty thousand dollars ($150,000) of money wagered daily; plus eight percent (8%) on amounts wagered from one hundred and fifty thousand dollars ($150,000) to two hundred and fifty thousand dollars ($250,000); plus six and three quarters percent (6.75%) on amounts wagered from two hundred and fifty thousand dollars ($250,000) to three hundred and seventy-five thousand dollars ($375,000); plus six and one quarter percent (6.25%) on amounts wagered over three hundred and seventy-five thousand dollars ($375,000); and

   (2) One half (1/2) of the breakage to the dime resulting from the wagering.