{"data":{"id":"us-ky/krs-138.530","jurisdiction":"us-ky","citation":"KRS 138.530","heading":"Administration and collection of tax -- Remittances -- Reports -- Books --","body":"Records -- Distribution of tax revenue generated under KRS 138.513.\n(1) The department shall enforce the provisions of and collect the tax and penalties\nimposed and other payments required by KRS 138.510 to 138.550, and in doing so\nit shall have the general powers and duties granted it in KRS Chapters 131 and 135,\nincluding the power to enforce, by an action in the Franklin Circuit Court, the\ncollection of the tax, penaltie s and other payments imposed or required by KRS\n138.510 to 138.550.\n(2) (a) The remittance of the taxes imposed by KRS 138.510 shall be made weekly to\nthe department no later than the fifth business day, excluding Saturday and\nSunday, following the close of each week of racing, during each race meeting,\nand following the close of each week when historical horse races are\nconducted, and shall be accompanied by reports as prescribed by the\ndepartment.\n(b) Except as otherwise provided in KRS 138.510 to 138.550 , all funds received\nby the department from the taxes imposed by KRS 138.510 shall be paid into\nthe State Treasury and shall be credited to the general fund.\n(c) The supervisor of pari -mutuel betting appointed by the corporation shall\nweekly, during each r ace meeting, and during each week when historical\nhorse races are conducted, report to the department the total amount bet or\nhandled the preceding week and the amount of tax due the state thereon, under\nthe provisions of KRS 138.510 to 138.550.\n(d) The supervisor of pari -mutuel betting appointed by the corporation or his or\nher duly authorized representatives shall, at all reasonable times, have access\nto all books, records, issuing or vending machines, adding machines, and all\nother pari-mutuel equipment for the purpose of examining and checking the\nsame and ascertaining whether or not the proper amount or amounts due the\nstate are being or have been paid.\n(e) Every person, corporation, or association required to pay the tax imposed by\nKRS 138.510 shall ke ep its books and records so as to clearly show by a\nseparate record the total amount of money contributed to every pari -mutuel\npool.\n(3) (a) The remittance of the tax imposed by KRS 138.513 shall be made weekly to\nthe department no later than the first bus iness day of the week next\nsucceeding the week during which the wagers forming the base of the tax\nwere received.\n(b) Along with the remittance of the tax, each advance deposit account wagering\nlicensee shall file a return that includes the information req uired by the\ndepartment.\n(c) Every advance deposit account wagering licensee shall keep its books and\nrecords in such a manner that:\n1. Kentucky residents having accounts with the advance deposit account\nwagering licensee can be individually identified and their identity and\nresidence verified; and\n2. The amount wagered through each account held by a Kentucky resident\nand the date of each wager can be determined and verified.\n(d) All books and records of the advance deposit account wagering licensee\nrequired by paragraph (c) of this subsection and any books and records that\nthe department requires a licensee to maintain through promulgation  of an\nadministrative regulation shall be open to inspection by the department and\nthe corporation.\n(e) All revenue received by the department from the tax imposed by KRS\n138.513 shall be distributed as follows:\n1. Fifteen percent (15%) shall be distribute d to the Commonwealth and\ncredited to the general fund; and\n2. a. Eighty-five percent (85%) of revenue received from a wager\nplaced on a race conducted at a track in Kentucky shall be\ndistributed to the association that conducted the race;\nb. Eighty-five p ercent (85%) of revenue received from a wager\nplaced on a race conducted at a track outside Kentucky shall be\ndistributed to the Kentucky track that is recognized as the host\ntrack by the corporation at the time the wager is placed. However,\nif a wager subject to the tax imposed by KRS 138.513 is placed on\na race conducted at a track outside Kentucky, and the individual\nplacing the wager has registered an address with the advance\ndeposit account wagering licensee that is within twenty -five (25)\nmiles of a K entucky track, the association licensed by the\ncorporation to operate that track shall receive the tax revenue\nderived from that wager; and\nc. An association receiving distributions under subdivisions a. and b.\nof this subparagraph shall allocate one -half (1/2) of the amount\ndistributed to its purse account.","path":["KRS Chapter 138"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=54684","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:30Z","sha256":"9824a76f2f118f547bcd6eeeb543f670242913751c9e5b46e4d1b625320e9584","source_id":"us-ky","stale":false,"prev":"us-ky/krs-138.520","next":"us-ky/krs-138.540"},"notice":"GroundRules: Original legal text. Not legal advice."}