313.655. Simulcast races, pari-mutuel wagering.
Simulcast races, pari-mutuel wagering.
313.655. 1. An organization licensed to conduct racing in thisstate, with the approval of the commission, may contract to conductpari-mutuel wagering on a simulcast of horse races held at race tracks inthis state or other states or countries where the conduct of racing andwagering is permitted by law.
2. Any wagering made under this section shall take place within theconfines of the licensee's race track pursuant to rules promulgated by thecommission. The licensed race track may simulcast up to, but not more thanthe number of days in which it conducts live racing.
3. Computation of the total takeout and breakage for wagering madeunder this section shall be the same as that normally applicable to racingconducted by the licensee.
4. After deducting from the takeout the applicable tax of this stateon the entire pari-mutuel pool, the amount to be paid under the terms ofthe contract to the race track from which the race or races will besimulcast, and the cost of transmission, the remainder shall be allocatedin the same proportions as normally applicable to racing conducted by thelicensee.
5. The terms and conditions of any contract with a race track madeunder this section are subject to the approval of the respective groupswhich represent a majority of the horsemen racing at the track licensed bythe commission and a majority of the applicable breeders in this state.
6. The provisions of the Federal Interstate Horseracing Act of 1978,Title 15, Sections 3001 through 3007, U.S. Code, shall be instructiveregarding the intent of this section.
(L. 1986 S.B. 572, A.L. 1987 S.B. 384, A.L. 1995 H.B. 574)