{"data":{"id":"us-ok/okla.-stat.-tit.-3a-3a-205.6","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 3A, § 3A-205.6","heading":"Pari-mutuel system of wagering authorized - Distribution","body":"of funds retained from money wagered - Revenue bond financing of\n\nracetrack or facility prohibited.\n\nA. Any organization licensee conducting a race meeting may\n\nprovide places on the race meeting grounds at which it may conduct\n\nand supervise the pari-mutuel system of wagering on the horse races\n\nconducted by the organization licensee at the race meeting. No\n\nother place or method of betting, pool making, wagering, or gambling\n\nshall be used or permitted by the organization licensee. The pari-\n\nmutuel system of wagering shall be permitted only on horse races\n\nconducted at a racetrack where such pari-mutuel system of wagering\n\nis authorized pursuant to the provisions of the Oklahoma Horse\n\nRacing Act.\n\nB. Each organization licensee that holds a race meeting at\n\nwhich the pari-mutuel system of wagering is conducted shall retain\n\nan amount equal to eighteen percent (18%) of all money wagered, to\n\nbe distributed as follows:\n\n1. The first One Hundred Million Dollars ($100,000,000.00)\n\nwagered per calendar year for each type of racing shall be\n\ndistributed as follows provided, that all racing dates exclusively\n\nfor Thoroughbred racing in a calendar year shall be combined for the\n\npurpose of computing taxation rates and all racing dates for mixed\n\nracing and all other individual breeds in a calendar year shall be\n\ncombined but considered separate from Thoroughbred racing for the\n\npurpose of computing taxation rates:\n\na. one-ninth (1/9) of the eighteen percent (18%) shall be\n\nremitted to the Oklahoma Tax Commission on the first\n\nbusiness day following the close of the racing day on\n\nwhich it was assessed. One hundred percent (100%) of\n\nthe revenue derived pursuant to the provisions of this\n\nparagraph shall be apportioned monthly to the Oklahoma\n\nHorse Racing Commission Operational Expenses Revolving\n\nFund, and\n\nb. five-ninths (5/9) of the eighteen percent (18%) shall\n\nbe retained by the organization licensee, and\n\nc. one-third (1/3) of the eighteen percent (18%) shall be\n\nretained by the organization licensee to be\n\ndistributed as purses for participating horses.\n\n2. All money wagered per calendar year for each type of racing\n\nin excess of One Hundred Million Dollars ($100,000,000.00) but not\n\nto exceed One Hundred Fifty Million Dollars ($150,000,000.00) shall\n\nbe distributed as follows provided, that all racing dates\n\nexclusively for Thoroughbred racing in a calendar year shall be\n\ncombined for the purpose of computing taxation rates and all racing\n\ndates for mixed racing and all other individual breeds in a calendar\n\nyear shall be combined but considered separate from Thoroughbred\n\nracing for the purpose of computing taxation rates:\n\na. one-ninth (1/9) of the eighteen percent (18%) shall be\n\nremitted to the Oklahoma Tax Commission on the first\n\nbusiness day following the close of the racing day on\n\nwhich it was assessed. One hundred percent (100%) of\n\nthe revenue derived pursuant to the provisions of this\n\nparagraph shall be apportioned monthly to the Oklahoma\n\nHorse Racing Commission Operational Expenses Revolving\n\nFund, and\n\nb. four-ninths (4/9) of the eighteen percent(18%) shall\n\nbe retained by the organization licensee, and\n\nc. one-third (1/3) of the eighteen percent (18%) shall be\n\nretained by the organization licensee to be\n\ndistributed as purses for participating horses, and\n\nd. one-ninth (1/9) of the eighteen percent (18%) shall be\n\nretained by the organization licensee to be\n\ndistributed as follows:\n\n(1) seventy-five percent (75%) as purses for\n\nparticipating horses, and\netained by the organization licensee, and\n\nc. one-third (1/3) of the eighteen percent (18%) shall be\n\nretained by the organization licensee to be\n\ndistributed as purses for participating horses, and\n\nd. one-ninth (1/9) of the eighteen percent (18%) shall be\n\nretained by the organization licensee to be\n\ndistributed as follows:\n\n(1) seventy-five percent (75%) as purses for\n\nparticipating horses, and\n\n(2) twenty-five percent (25%) shall be remitted to\n\nthe Commission, at such intervals as required by\n\nthe Commission, for deposit in the Oklahoma\n\nBreeding Development Fund Special Account.\n\n3. All money wagered per calendar year for each type of racing\n\nin excess of One Hundred Fifty Million Dollars ($150,000,000.00)\n\nshall be distributed as follows provided, that all racing dates\n\nexclusively for Thoroughbred racing in a calendar year shall be\n\ncombined for the purpose of computing taxation rates and all racing\n\ndates for mixed racing and all other individual breeds in a calendar\n\nyear shall be combined but considered separate from Thoroughbred\n\nracing for the purpose of computing taxation rates:\n\na. one-ninth (1/9) of the eighteen percent (18%) shall be\n\nremitted to the Oklahoma Tax Commission on the first\n\nbusiness day following the close of the racing day on\n\nwhich it was assessed. One hundred percent (100%) of\n\nthe revenue derived pursuant to the provisions of this\n\nparagraph shall be apportioned monthly to the Oklahoma\n\nHorse Racing Commission Operational Expenses Revolving\n\nFund, and\n\nb. one-third (1/3) of the eighteen percent (18%) shall be\n\nretained by the organization licensee, and\n\nc. one-third (1/3) of the eighteen percent (18%) shall be\n\nretained by the organization licensee to be\n\ndistributed as purses for participating horses, and\n\nd. two-ninths (2/9) of the eighteen percent (18%) shall\n\nbe retained by the organization licensee to be\n\ndistributed as follows:\n\n(1) seventy-five percent (75%) as purses for\n\nparticipating horses, and\n\n(2) twenty-five percent (25%) shall be remitted to\n\nthe Commission, at such intervals as required by\n\nthe Commission, for deposit in the Oklahoma\n\nBreeding Development Fund Special Account.\n\nC. Notwithstanding any other provisions of this act, the state\n\nshall collect six percent (6%) of the total amount wagered under the\n\nprovisions of this act at such time the organization licensee has no\n\nfurther debt service.\n\nD. In addition to the amount required to be retained by the\n\nprovisions of subsection B of this section, each organization\n\nlicensee holding a race meeting at which the pari-mutuel system of\n\nwagering is conducted shall retain an additional amount equal to\n\nthree percent (3%) of all money wagered on multiple race wagers\n\ninvolving not to exceed two races and on multiple horse wagers not\n\nto exceed two horses in the same race.\n\nSuch amount shall be retained by the organization licensee to be\n\ndistributed as follows:\n\n1. Two-thirds (2/3) of three percent (3%) shall be distributed:\n\na. seventy-five percent (75%) as purses for participating\n\nhorses, and\n\nb. twenty-five percent (25%) shall be remitted to the\n\nCommission, at such intervals as required by the\n\nCommission, for deposit in the Oklahoma Breeding\n\nDevelopment Fund Special Account; and\n\n2. One-third (1/3) of the three percent (3%) shall be\n\ndistributed:\n\na. fifty percent (50%) as purses for participating\n\nhorses, and\n\nb. fifty percent (50%) to the organization licensee.\n\nE. Each organization licensee shall retain an amount not less\n\nthan twenty-one percent (21%) nor greater than twenty-five percent\n\n(25%) of all money wagered on multiple race wagers involving more\n\nthan two races, and on multiple horse wagers involving more than two\n\nhorses such amount shall be distributed as follows:\n\n1. Eighteen percent (18%) pursuant to subsection B of this\n\nsection;\n\n2. Three percent (3%) pursuant to subsection D of this section;\n\nand\nss\n\nthan twenty-one percent (21%) nor greater than twenty-five percent\n\n(25%) of all money wagered on multiple race wagers involving more\n\nthan two races, and on multiple horse wagers involving more than two\n\nhorses such amount shall be distributed as follows:\n\n1. Eighteen percent (18%) pursuant to subsection B of this\n\nsection;\n\n2. Three percent (3%) pursuant to subsection D of this section;\n\nand\n\n3. Of the remainder, fifty percent (50%) to be distributed as\n\npurses for participating horses and fifty percent (50%) to the\n\norganization licensee.\n\nF. Organization licensees shall keep accurate books and records\n\nof all monies wagered on each day of a race meeting and of the taxes\n\npaid pursuant to the provisions of this section. The Oklahoma Tax\n\nCommission or an authorized representative shall have access at all\n\nreasonable times to such records for the purpose of examining and\n\nchecking the records and ascertaining whether the proper amount of\n\ntaxes is being paid. The Oklahoma Tax Commission shall require\n\nverified reports and a statement of the total of all monies wagered\n\ndaily at a race meeting and may prescribe forms upon which such\n\nreports and statement shall be made. The organization licensee\n\nshall provide the Oklahoma Tax Commission with such space and\n\naccommodations as may be necessary for the Oklahoma Tax Commission\n\nto implement its duties pursuant to the provisions of the Oklahoma\n\nHorse Racing Act.\n\nG. No revenue bonds issued by a public trust, as authorized by\n\nthe provisions of Title 62 of the Oklahoma Statutes, shall be used\n\nto finance any racetrack or racing facility.\n\nH. All monies retained or to be distributed for purses shall be\n\nheld in trust by the Horsemen's Bookkeeper pursuant to Section\n\n208.13 of this title for the duly designated horsemen's organization\n\nfor purses.","path":["OK Code","Title 3A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os3A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"07e0332becab982d9d6e0a24466c502880f7f6ccf3fa1ac55b48e1cac723ddff","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-3a-3a-205.5","next":"us-ok/okla.-stat.-tit.-3a-3a-205.6a"},"notice":"GroundRules: Original legal text. Not legal advice."}