74-8819. Parimutuel wagering. (a) Organizations licensed pursuant to K.S.A. 74-8813 or 74-8814, and amendments thereto, may conduct parimutuel wagering on the results of horse and greyhound races held on dates and at racetrack facilities approved by the commission and on simulcast races as provided by K.S.A. 74-8836, and amendments thereto. All persons participating in such wagering shall be present within the confines of the approved racetrack facility.
(b) Organization licensees shall issue a ticket to each person placing a wager, which ticket shall show the date and number of the race, the amount wagered and the number of the horse or greyhound selected by the person. The licensee may receive wagers on horses or greyhounds to finish first, second, third, fourth or any combination thereof within the same race or among two or more live races conducted or simulcast races displayed on the same day at the same racetrack facility, as authorized by the commission.
(c) After wagering has been closed for each live race conducted by the licensee, the organization licensee may deduct an amount not exceeding 18% of the total wagered in each parimutuel pool and the balance, less the breakage, shall be paid to holders of winning tickets for that pool in accordance with procedures authorized by the commission. The commission may authorize a higher amount not exceeding 25% to be deducted from the total wagered in parimutuel pools for multiple and exotic bets.
(d) From the amount deducted as provided in subsection (c), the organization licensee shall pay the purses as provided in K.S.A. 74-8820, and amendments thereto, and the tax as specified in K.S.A. 74-8823, and amendments thereto. The balance of the amount deducted shall be used for the purposes of the organization licensee as such purposes have been represented to the commission.
(e) The provisions of K.S.A. 74-8836, and amendments thereto, shall govern takeout and its distribution in the case of simulcast races displayed by an organization licensee.
(f) No organization licensee shall loan money or any other thing of value to any person for the purpose of permitting that person to wager on any race.
(g) All parimutuel tellers and clerks shall be employees of the organization licensee approved by the commission to conduct the parimutuel wagering at a race meeting.
History: L. 1987, ch. 112, § 19; L. 1991, ch. 247, § 5; L. 1992, ch. 27, § 6; L. 2004, ch. 168, § 3; July 1.
Structure Kansas Statutes
Chapter 74 - State Boards, Commissions And Authorities
Article 88 - Parimutuel Racing
74-8801 Title and application of act.
74-8803 Kansas racing and gaming commission.
74-8804 Powers and duties of commission.
74-8806 Animal health officers and assistants.
74-8807 Law enforcement powers, certain employees; duties of KBI.
74-8809 Assistant attorneys general.
74-8810 Prohibited acts; penalties.
74-8811 Drugs and medications.
74-8812 Eligibility of horses and greyhounds; registration of stable, kennel or other owner.
74-8813 Organization licenses to conduct races.
74-8815 Facility owner license and facility manager license.
74-8817 Concessionaire licenses.
74-8818 Stewards and racing judges.
74-8822 Unclaimed winning tickets.
74-8823 Tax on parimutuel wagering.
74-8824 Tax on racetrack admissions.
74-8825 State preemption, taxes and fees.
74-8827 Racing reimbursable expense fund.
74-8828 Racing applicant deposit fund.
74-8829 Horse breeding development fund.
74-8830 Registration of horses; membership of registering agency.
74-8831 Greyhound breeding development fund; greyhound tourism fund; expenditures from such funds.
74-8832 Registration of greyhounds.
74-8833 Resident racing program.
74-8835 Racing investigative expense fund.
74-8836 Simulcasting; licensing and regulation.
74-8837 Racing or wagering equipment or services licenses.
74-8838 Horse fair racing benefit fund; authorized uses.
74-8838a Same; transfer of moneys.
74-8839 Advertisement or promotion of parimutuel wagering, minors.
74-8841 Exemption from subdivision regulations; application of fire prevention code.