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Section 462.725 - Multi-jurisdictional simulcasting and wagering; fees; rules; distribution of moneys paid to commission.

OR Rev Stat § 462.725 (2019) (N/A)
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(a) License and regulate all phases of operation of Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs located in Oregon; and

(b) Authorize and license Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs to conduct simulcast broadcasting of, and mutuel wagering on, animal races, including previously held races on which mutuel wagering is lawful in Oregon.

(2) In addition to the other rules of operation adopted by the commission, the commission shall adopt a rule setting the amount that may be taken from the gross receipts of the multi-jurisdictional mutuel system.

(3) All employees working in Oregon and all officers of any Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs located and operating in Oregon must obtain a license from the commission prior to the commencement of business or employment. The commission shall adopt rules establishing license fees for the employees and officers, not to exceed $30 per year.

(4) Payments to be made to the commission include:

(a) Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hub license fee not more than $200 per operating day.

(b) Not more than one percent of total gross receipts of mutuel wagering recorded by the totalizator system.

(5) Of the moneys received by the commission under subsection (4)(b) of this section, 25 percent shall be paid to the State Treasurer for deposit in the General Fund and 75 percent shall be retained by the commission. The commission may adopt rules under which the moneys retained by the commission may be distributed for the benefit of the Oregon pari-mutuel racing industry. [1997 c.867 §27; 1999 c.606 §1; 2011 c.176 §3; 2011 c.501 §2; 2015 c.723 §1; 2019 c.314 §1]

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Section 462.725 - Multi-jurisdictional simulcasting and wagering; fees; rules; distribution of moneys paid to commission.