Tex. Occ. Code Section 2028.051
Set-aside from Live Pari-mutuel Pool

A horse or greyhound racetrack association shall set aside for this state from each live pari-mutuel pool at the racetrack an amount equal to:

(1)

one percent of each live pari-mutuel pool from the total amount of all of the racetrack association’s live pari-mutuel pools in a calendar year in excess of $100 million but less than $200 million;

(2)

two percent of each live pari-mutuel pool from the total amount of all of the racetrack association’s live pari-mutuel pools in a calendar year in excess of $200 million but less than $300 million;

(3)

three percent of each live pari-mutuel pool from the total amount of all of the racetrack association’s live pari-mutuel pools in a calendar year in excess of $300 million but less than $400 million;

(4)

four percent of each live pari-mutuel pool from the total amount of all of the racetrack association’s live pari-mutuel pools in a calendar year in excess of $400 million but less than $500 million; and

(5)

five percent of each live pari-mutuel pool from the total amount of all of the racetrack association’s live pari-mutuel pools in a calendar year in excess of $500 million.
Added by Acts 2017, 85th Leg., R.S., Ch. 963 (S.B. 1969), Sec. 1.01, eff. April 1, 2019.

Source: Section 2028.051 — Set-aside from Live Pari-mutuel Pool, https://statutes.­capitol.­texas.­gov/Docs/OC/htm/OC.­2028.­htm#2028.­051 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 2028.051’s source at texas​.gov