45-32-151.03
Section 45-32-151.03 Provisions respecting takeouts for racing events. In order to provide a uniform takeout for pari-mutuel wagering on live greyhound racing events and on televised horse or greyhound racing events received at the Greene County Racetrack, and to enable the Greene County Racetrack to maximize its participation in combined pools with other racetracks, the Legislature hereby finds and determines that it is necessary and desirable to authorize the schedule of takeouts hereinafter provided for pari-mutuel pools bet at the Greene County Racetrack, notwithstanding Section 40-26A-2. Subject to Section 45-32-151.01, relating to adjustment of the takeout for combined pools, the total takeout allowed to the racing operator for pari-mutuel pools bet at the Greene County Racetrack on live greyhound races conducted at the racetrack and for pari-mutuel pools bet at the Greene County Racetrack on televised horse or greyhound racing events received at the racetrack, before deducting...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-32-151.03.htm - 1K - Match Info - Similar pages
11-65-28.1
Section 11-65-28.1 Modification of takeout for all racing events. In order to provide a uniform takeout for pari-mutuel wagering on racing events that reflects the competitive pressure on pari-mutuel wagering from other forms of gambling in surrounding states, and to enable any racetrack in a Class 1 municipality (a "Class 1 racetrack") to maximize its participation in combined pools with other racetracks both inside and outside the State of Alabama, the Legislature hereby finds and determines that it is necessary and desirable to authorize the uniform takeout hereinafter provided for pari-mutuel pools wagered by bettors present at a Class 1 racetrack, notwithstanding the provisions of Sections 11-65-28 and 40-26A-2, which sections are hereby superseded to the extent that their provisions purport to govern the takeout at a Class 1 racetrack in a manner inconsistent with the provisions of this section. Subject to the continued effectiveness of the provisions of Section 11-65-32.1,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-65-28.1.htm - 2K - Match Info - Similar pages
11-65-31
Section 11-65-31 Purses for horse races and greyhound races. From the moneys deposited in pari-mutuel pools for horse races which constitute the "takeout" deducted by a horse racing operator pursuant to Section 11-65-28(b), each horse racing operator shall apply an amount equal to seven percent of its total horse racing handle to provide purse moneys for horse races conducted by such operator. Prior to the commencement of any race meeting, the horse racing operator conducting such meeting shall estimate the amount of its horse racing handle to be derived from such meeting. Based upon such estimate, the horse racing operator shall adopt a schedule providing for a reasonable allocation of purse moneys over the period of the anticipated race meeting. Any such schedule may be amended from time to time during the course of a race meeting if it becomes apparent that the operator's actual horse racing handle for such race meeting will not match its original estimate. Each horse racing...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-65-31.htm - 2K - Match Info - Similar pages
45-44-150.11
Section 45-44-150.11 Parimutuel wagering; requirements for veterinarians, security force, and insurance. (a) The racing commission shall make rules governing, permitting, and regulating the wagering on greyhound dog races under the form of mutuel wagering by patrons known as parimutuel wagering, which method shall be legal to the extent that and so long as the same is carried on and conducted strictly in conformity with this part, and not otherwise. Only the persons, associations, or corporations receiving a license from the racing commission shall have the right or privilege to conduct this type of wagering and the licenses shall restrict and confine this form of wagering to a space within the race meeting grounds. All other forms of wagering on the result of the dog races shall continue to be illegal, and any or all wagering outside of the enclosure of such races, where such races shall have been licensed by the racing commission, shall be illegal. (b) No person or corporation shall...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-44-150.11.htm - 2K - Match Info - Similar pages
45-44-151
Section 45-44-151 Televised racing events and parimutuel wagering thereon. The provisions of Part 1 to the contrary notwithstanding, any person now or hereafter licensed by the Macon County Racing Commission to conduct live greyhound racing and parimutuel wagering thereon, a racing operator shall have the right, subject to the reasonable regulatory authority of the commission: (1) To cause live greyhound racing events conducted at the racetrack in Macon County under the jurisdiction of the commission, or the Macon County racetrack, to be transmitted by television to racetracks located elsewhere in the State of Alabama and to locations in other states and foreign countries and there made available for public viewing and parimutuel wagering thereon and; (2) To cause televised horse racing events and greyhound racing events held at racetracks located elsewhere in the State of Alabama and in other states and foreign countries to be received at the Macon County racetrack and there made...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-44-151.htm - 1K - Match Info - Similar pages
11-65-22
Section 11-65-22 Acquisition of interest in horse racing facility licensee or operator. (a) A disqualified person may not acquire or hold an interest in a horse racing facility licensee or an operator. A commission may require that a disqualified person dispose of its interest in a horse racing facility licensee or an operator within a reasonable period of time provided that (i) the commission shall determine at a hearing that the owner of such interest is a disqualified person and (ii) the person who is alleged to be a disqualified person shall receive notice of and an opportunity to be heard at such hearing. Any person aggrieved by an action of a commission pursuant to this section may appeal to the circuit court of the host county pursuant to Section 11-65-12. (b) Any person desiring to acquire stock in, a partnership or other ownership interest in, or to become an owner or member of, any entity which holds a horse racing facility license or an operator's license hereunder who,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-65-22.htm - 7K - Match Info - Similar pages
45-44-151.04
Section 45-44-151.04 Provisions respecting hours of racetrack operation. Notwithstanding Part 1 and any rules and regulations of the racing commission now in effect or hereafter promulgated, all of which are hereby superseded to the extent inconsistent with this section, the racing operator is hereby authorized to open the Macon County racetrack for business and to conduct live greyhound racing or televised horse or greyhound racing, or both, and parimutuel wagering thereon during such hours as it shall deem desirable, however in no event shall the racing commission be authorized to allow live greyhound racing or televised horse or greyhound racing, or both, and parimutuel wagering thereon to be conducted after 2:00 AM on Sunday; provided that the racing operator shall not conduct any live racing event at the Macon County racetrack before 10:00 AM, nor shall it present any televised racing event before 8:00 AM, with each such hour to be determined according to the time then applicable...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-44-151.04.htm - 2K - Match Info - Similar pages
11-65-37
Section 11-65-37 Conducting race without license prohibited; wagering on certain races prohibited. Any person who, directly or indirectly, holds any horse race or greyhound race without having procured an operator's license as prescribed in this chapter shall be guilty of a misdemeanor. Any person wagering upon the results of such a race, except in the case of pari-mutuel wagering conducted by an operator in accordance with the provisions of this chapter, shall be guilty of a misdemeanor. Upon conviction of any of the above misdemeanors in a court of competent jurisdiction, the penalty shall be a fine of not less than $1,000.00, nor more than $10,000.00, or imprisonment of not less than ten days nor more than six months, or both, such fine and imprisonment to be in the discretion of the court. (Acts 1984, No. 84-131, p. 159, §37; Acts 1991, No. 91-187, p. 246, §33.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-65-37.htm - 1K - Match Info - Similar pages
45-49-151.14
Section 45-49-151.14 Tax due on pari-mutuel pools; distribution of contributions; capital improvement fund. (a) Every licensee conducting race meetings pursuant to this subpart shall pay to the racing commission for its use, a tax on the total contributions to all pari-mutuel pools conducted or made on a racetrack licensed under this subpart in an amount equal to eight percent until April 17, 1992, and seven percent thereafter. Except as otherwise provided in this subpart, the commission of a licensee on a pari-mutuel pool shall not exceed 19 percent of the amount contributed to the pari-mutuel pool, including the tax provided in this section. In addition to the 19 percent commission authorized to be withheld from pari-mutuel pools, the licensee may deduct an additional two percent commission from all pari-mutuel betting pools in which the bettors are required to select three or more dogs. After the deduction of the tax percentages for the use of the racing commission, the percentage...
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45-32-150.03
Section 45-32-150.03 Treasurer. The Greene County Racing Commission shall be empowered to appoint an individual to serve as Treasurer of the Racing Commission which may be one of the members of the racing commission, and shall collect all of the license fees, taxes, and monies provided in this part, and shall supervise, check, and audit the operation of the pari-mutuel wagering pools and the conduct and distribution thereof. The racing commission shall be empowered to invest the monies in legal investments prior to distribution as provided for in Section 45-32-150.16. (Acts 1975, No. 376, p. 926, §3; Act 82-838, p. 351, §3; Act 83-334, p. 509, §2.)...
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