§45-32-151.03. Provisions respecting takeouts for racing events.

In order to provide a uniform takeout for pari-mutuel wagering on live greyhound racing events and on televised horse or greyhound racing events received at the Greene County Racetrack, and to enable the Greene County Racetrack to maximize its participation in combined pools with other racetracks, the Legislature hereby finds and determines that it is necessary and desirable to authorize the schedule of takeouts hereinafter provided for pari-mutuel pools bet at the Greene County Racetrack, notwithstanding Section 40-26A-2. Subject to Section 45-32-151.01, relating to adjustment of the takeout for combined pools, the total takeout allowed to the racing operator for pari-mutuel pools bet at the Greene County Racetrack on live greyhound races conducted at the racetrack and for pari-mutuel pools bet at the Greene County Racetrack on televised horse or greyhound racing events received at the racetrack, before deducting any state or local wagering taxes, shall be 17 percent in the case of any pari-mutuel pool where the bettor is required to select one racing contestant, 21 percent in the case of any pari-mutuel pool where the bettor is required to select two racing contestants, and 23 percent in the case of any pari-mutuel pool where the bettor is required to select three or more racing contestants.

(Act 96-650, p. 1043, §4.)