RCW 67.16.175
Exotic wagers—Retention of percentage by race meets.
(1) In addition to the amounts authorized to be retained in RCW 67.16.170, race meets may retain daily for each authorized day of racing an additional six percent of the daily gross receipts of all parimutuel machines from exotic wagers at each race meet.
(2) Except as provided in subsection (3) of this section, of the amounts retained in subsection (1) of this section, one-sixth shall be paid to the commission at the end of the race meet for deposit in the Washington horse racing commission Washington bred owners' bonus fund and breeder awards account created in RCW 67.16.275. Such amounts shall be used by the commission for Washington bred breeder awards, in accordance with the rules and qualifications adopted by the commission.
(3) Of the amounts retained for breeder awards under subsection (2) of this section, twenty-five percent shall be retained by a new licensee for reimbursement of capital construction of the new licensee's new racetrack for a period of fifteen years.
(4) As used in this section, "exotic wagers" means any multiple wager. Exotic wagers are subject to approval of the commission.
[ 2009 c 87 § 2; 2001 c 53 § 2; 1991 c 270 § 9. Prior: 1987 c 453 § 1; 1987 c 347 § 3; 1986 c 43 § 1; 1985 c 146 § 10; 1981 c 135 § 1.]
NOTES:
Severability—1985 c 146: See note following RCW 67.16.010.
Severability—1981 c 135: "If any provision of this act or its application to any person or circumstance is held invalid, the remainder of the act or the application of the provision to other persons or circumstances is not affected." [ 1981 c 135 § 2.]
Structure Revised Code of Washington
Title 67 - Sports and Recreation—Convention Facilities
67.16.012 - Washington horse racing commission—Creation—Terms—Vacancies—Bonds—Oaths.
67.16.014 - Washington horse racing commission—Ex officio nonvoting members.
67.16.015 - Washington horse racing commission—Organization—Secretary—Records—Annual reports.
67.16.017 - Washington horse racing commission—Compensation and travel expenses.
67.16.020 - Duties of commission—Race meet license—Suspension.
67.16.040 - Commission to regulate and license meets—Inspection.
67.16.045 - Criminal history records—Dissemination.
67.16.050 - Application for meet—Issuance of license—Fee—Cancellation, grounds, procedure.
67.16.060 - Prohibited practices—Parimutuel system permitted—Race meet as public nuisance.
67.16.070 - Races for local breeders.
67.16.075 - Breeder's awards and owner's bonuses—Eligibility—Certification.
67.16.080 - Horses to be registered.
67.16.090 - Races not limited to horses of same breed.
67.16.100 - Disposition of fees—"Fair fund."
67.16.105 - Gross receipts—Commission's percentage—Distributions.
67.16.110 - Broadcasting and motion picture rights reserved.
67.16.130 - Nonprofit race meets—Licensing—Fees.
67.16.140 - Employees of commission—Employment restriction.
67.16.150 - Employees of commission—Commissioners—Financial interest restrictions.
67.16.160 - Rules implementing conflict of interest laws—Wagers by commissioner.
67.16.170 - Gross receipts—Retention of percentage by licensees.
67.16.175 - Exotic wagers—Retention of percentage by race meets.
67.16.200 - Parimutuel wagering at satellite locations—Simulcasts.
67.16.230 - Satellite locations—Fees.
67.16.251 - Handicapping contests.
67.16.260 - Advance deposit wagering.
67.16.270 - Violation of commission rules—Penalties.
67.16.280 - Washington horse racing commission operating account.
67.16.285 - Washington horse racing commission class C purse fund account.