OAR 462-220-0040
State of Oregon Share of the Pari-Mutuel Handle

In addition to the licensing fee set forth in OAR 462-220-0030 (Approval of the License for a Hub Operation)(5), the hub operator shall pay to the Oregon Racing Commission the tax authorized by ORS 462.725 (Multi-jurisdictional simulcasting and wagering)(3)(b) on all gross mutuel wagering receipts recorded by the hub’s totalizator system during the license period. The payments shall be made as follows:

(1)

Payments shall be made each month based on the gross mutuel wagering receipts for that month.

(2)

Payments shall be made in a timely manner as prescribed by the executive director of the commission.

(3)

Payments shall be calculated according to one of the following formulas as elected by the hub operator in the manner specified in section (6):

(a)

Payment of 0.125% of the first 60 million dollars in gross mutuel wagering receipts during the license period and 0.25% of the gross mutuel wagering receipts in excess of 60 million dollars during that period; or

(b)

Payment of 0.25% of gross mutuel wagering receipts, except that, if the hub operator conducts business in a state where hubs are specifically authorized and the tax rate is less than 0.25%, the tax rate for wagers by the residents of such state would be that of the state in which they reside. This exception is limited to a single state designated by the hub operator in the manner specified in section (5).
(4) Advanced deposit wagering handle from past live racing products will be calculated separately from all other gross mutual wagering receipts recorded by the hub’s totalizator system. These product wagering receipts will, however, follow the same payment structure as all other gross wagering receipts including the maximum payment set out in section (6).
(5) All affiliates of a licensed multi-jurisdictional hub will follow the same payment structure as the licensed multi-jurisdictional hub including the maximum payment set out in section 6 after the affiliate’s first $20,000,000.00 in handle. The first $20,000,000.00 of the affiliate’s handle is exempt from separate fee payments but the first $20,000,000.00 will nevertheless apply toward the licensee’s maximum payment.

(6)

The base tax for fiscal year 2019-2020 is $722,630.00. The maximum payment set out in section (6) will increase 2.5% on an annual basis for each fiscal year through 2023-2024 unless the commission changes that limit before the beginning of a fiscal year. Maximum payments through fiscal year 2023-24 are calculated below.

(7)

The hub operator shall state in its license application its election to pay tax calculated pursuant to section (3), subsections (a) or (b), for gross mutuel wagering on merged pools, and shall also designate a state that is subject to the exception in section (3), subsection (b), if that formula is elected. The hub operator statement shall be made in its license application or at such other time as is specified by the Commission. Neither the payment formula nor the state subject to the exception may be changed during a license period without the prior approval of the Commission.

Source: Rule 462-220-0040 — State of Oregon Share of the Pari-Mutuel Handle, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=462-220-0040.

Last Updated

Jun. 8, 2021

Rule 462-220-0040’s source at or​.us