(a) Every franchise holder conducting race meets under this chapter shall keep its books and records so as to clearly show the true number of admissions, the total amount of money contributed to each pari-mutuel pool on each race separately, and the amount of money received daily from admission fees.
(b) Within thirty (30) days after the conclusion of every race meeting, the franchise holder shall submit to the Arkansas Racing Commission a complete audit of receipts and admissions.
(c) Each franchise holder conducting a racing meet under the provisions of this chapter shall keep its books and records in such manner as to clearly show the total amount of moneys wagered on each race held or conducted at each meet and the disposition of those moneys.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 4 - Miscellaneous Regulated Industries
Chapter 110 - Arkansas Horse Racing Law
Subchapter 4 - Conduct of Meets
§ 23-110-401. Accordance with license required
§ 23-110-402. Number of racing days — Sunday racing — Approval of programs
§ 23-110-403. Application for license to conduct meet — Issuance
§ 23-110-405. Wagering — Penalty for improper wagering
§ 23-110-406. Disposition of wagering money — Payment to winning bettors required — Exceptions
§ 23-110-407. Disposition of wagering money — Portion for franchise holder
§ 23-110-409. Disposition of wagering money — Arkansas Racing Commission Purse and Awards Fund
§ 23-110-410. Disposition of wagering money — Breaks
§ 23-110-412. Record keeping by franchise holder — Audit
§ 23-110-413. Access to meets, books, records, etc