OAR 462-220-0080
Distribution of Receipts from Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs

From the payments made to the Oregon Racing Commission by Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs per ORS 462.725 (Multi-jurisdictional simulcasting and wagering)(3)(b), the commission shall:

(1)

Transfer to the State General Fund 25% of the receipts;

(2)

Retain 75% in the agency’s cash account. Of the retained money, the commission may distribute it for the benefit of the Oregon pari-mutuel racing industry as follows:

(a)

First, to race meets that were licensed under ORS 462.057 (License and other fees and purses) during the 1999 calendar year in the amounts necessary, in the commission’s judgment, to allow an appropriate race meet with an appropriate purse level;

(b)

Second, if there are funds remaining, to any entity in the Oregon pari-mutuel racing industry, after the receipt of a petition submitted to the commission, for purposes that benefit members of the pari-mutuel industry.

(3)

The commission’s decision on the distribution of these funds is final.

Source: Rule 462-220-0080 — Distribution of Receipts from Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=462-220-0080.

Last Updated

Jun. 8, 2021

Rule 462-220-0080’s source at or​.us