(1) A host track racing under either a thoroughbred or quarter horse permit shall pay an amount equal to 7.0 percent of all wagers placed pursuant to the provisions of s. 550.615, as purses during its current race meet. However, up to 0.50 percent of all wagers placed pursuant to s. 550.615 may, at the option of the host track, be deducted from the amount retained by the host track for purses to supplement the awards program for owners of Florida-bred horses as set forth in s. 550.2625(6). A host track racing under a harness permit shall pay an amount equal to 7 percent of all wagers placed pursuant to the provisions of s. 550.615, as purses during its current race meet. If a host track underpays or overpays purses required by this section and s. 550.2625, the provisions of s. 550.2625 apply to the overpayment or underpayment.
(2) Of all wagers placed pursuant to the provisions of s. 550.615:
(a) If the host track is a thoroughbred track, an amount equal to 0.75 percent shall be paid to the Florida Thoroughbred Breeders’ Association, Inc., for the payment of breeders’ awards;
(b) If the host track is a harness track, an amount equal to 1 percent shall be paid to the Florida Standardbred Breeders and Owners Association, Inc., for the payment of breeders’ awards, stallion awards, stallion stakes, additional purses, and prizes for, and the general promotion of owning and breeding, Florida-bred standardbred horses; or
(c) If the host track is a quarter horse track, an amount equal to 1 percent shall be paid to the Florida Quarter Horse Breeders and Owners Association, Inc., for the payment of breeders’ awards and general promotion.
(3) The payment to a breeders’ organization shall be combined with any other amounts received by the respective breeders’ and owners’ associations as so designated. Each breeders’ and owners’ association receiving these funds shall be allowed to withhold the same percentage as set forth in s. 550.2625 to be used for administering the payment of awards and for the general promotion of their respective industries. If the total combined amount received for thoroughbred breeders’ awards exceeds 15 percent of the purse required to be paid under subsection (1), the breeders’ and owners’ association, as so designated, notwithstanding any other provision of law, shall submit a plan to the commission for approval which would use the excess funds in promoting the breeding industry by increasing the purse structure for Florida-breds. Preference shall be given to the track generating such excess.
History.—s. 48, ch. 92-348; s. 17, ch. 2000-354; s. 42, ch. 2022-7.
Structure Florida Statutes
Title XXXIII - Regulation of Trade, Commerce, Investments, and Solicitations
Chapter 550 - Pari-Mutuel Wagering
550.0115 - Permitholder Operating License.
550.01215 - License Application; Periods of Operation; License Fees; Bond.
550.0235 - Limitation of Civil Liability.
550.0251 - Powers and Duties of the Florida Gaming Control Commission.
550.0351 - Charity Racing Days.
550.0425 - Minors Attendance at Pari-Mutuel Performances; Restrictions.
550.054 - Application for Permit to Conduct Pari-Mutuel Wagering.
550.0555 - Greyhound Dogracing Permits; Relocation Within a County; Conditions.
550.0651 - Elections for Ratification of Permits; Municipal Prohibitions.
550.0745 - Summer Jai Alai Permit Periods of Operation.
550.0951 - Payment of Daily License Fee and Taxes; Penalties.
550.09511 - Jai Alai Taxes; Abandoned Interest in a Permit for Nonpayment of Taxes.
550.09512 - Harness Horse Taxes; Abandoned Interest in a Permit for Nonpayment of Taxes.
550.09514 - Greyhound Dogracing Taxes; Purse Requirements.
550.09515 - Thoroughbred Horse Taxes; Abandoned Interest in a Permit for Nonpayment of Taxes.
550.125 - Uniform Reporting System; Bond Requirement.
550.135 - Division of Moneys Derived Under This Law.
550.1645 - Escheat to State of Abandoned Interest in or Contribution to Pari-Mutuel Pools.
550.1646 - Credit for Unclaimed Property Remitted to State.
550.1647 - Greyhound Permitholders; Unclaimed Tickets; Breaks.
550.175 - Petition for Election to Revoke Permit.
550.2415 - Racing of Animals Under Certain Conditions Prohibited; Penalties; Exceptions.
550.255 - Penalty for Conducting Unauthorized Race Meeting.
550.2614 - Distribution of Certain Funds to a Horsemen’s Association.
550.2625 - Horseracing; Minimum Purse Requirement, Florida Breeders’ and Owners’ Awards.
550.2633 - Horseracing; Distribution of Abandoned Interest in or Contributions to Pari-Mutuel Pools.
550.2704 - Jai Alai Tournament of Champions Meet.
550.334 - Quarter Horse Racing; Substitutions.
550.3345 - Conversion of Quarter Horse Permit to a Limited Thoroughbred Permit.
550.3355 - Harness Track Licenses for Summer Quarter Horse Racing.
550.3551 - Transmission of Racing and Jai Alai Information; Commingling of Pari-Mutuel Pools.
550.3616 - Racing Greyhounds or Other Dogs Prohibited; Penalty.
550.375 - Operation of Certain Harness Tracks.
550.475 - Lease of Pari-Mutuel Facilities by Pari-Mutuel Permitholders.
550.495 - Totalisator Licensing.
550.505 - Nonwagering Permits.
550.5251 - Florida Thoroughbred Racing; Certain Permits; Operating Days.
550.615 - Intertrack Wagering.
550.625 - Intertrack Wagering; Purses; Breeders’ Awards.
550.6305 - Intertrack Wagering; Guest Track Payments; Accounting Rules.
550.6308 - Limited Intertrack Wagering License.
550.6315 - Applicability of S. 565.02(5) to Guest Tracks.
550.6325 - Uncashed Tickets and Breakage Tax.
550.6345 - Intertrack Wagering; Purses When Host Track Is Harness Racetrack.
550.71 - Operation of Ch. 96-364.
550.901 - Interstate Compact on Licensure of Participants in Pari-Mutuel Wagering.
550.903 - Definitions; Interstate Compact on Licensure of Participants in Pari-Mutuel Wagering.
550.905 - States Eligible to Join Compact.
550.906 - Withdrawal From Compact; Impact on Force and Effect.
550.908 - Powers and Duties of Compact Committee.
550.909 - Voting Requirements.
550.910 - Administration and Management.
550.911 - Immunity From Liability for Performance of Official Responsibilities and Duties.