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Tex. Occupations Code § 2028.051

SET-ASIDE FROM LIVE PARI-MUTUEL POOL

Texas · Texas Occupations Code · Status: effective

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Tex. Occupations Code § 2028.051, SET-ASIDE FROM LIVE PARI-MUTUEL POOL, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/704288
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A horse or greyhound racetrack association shall set aside for this state from each live pari-mutuel pool at the racetrack an amount equal to: (1) one percent of each live pari-mutuel pool from the total amount of all of the racetrack association's live pari-mutuel pools in a calendar year in excess of $100 million but less than $200 million; (2) two percent of each live pari-mutuel pool from the total amount of all of the racetrack association's live pari-mutuel pools in a calendar year in excess of $200 million but less than $300 million; (3) three percent of each live pari-mutuel pool from the total amount of all of the racetrack association's live pari-mutuel pools in a calendar year in excess of $300 million but less than $400 million; (4) four percent of each live pari-mutuel pool from the total amount of all of the racetrack association's live pari-mutuel pools in a calendar year in excess of $400 million but less than $500 million; and (5) five percent of each live pari-mutuel pool from the total amount of all of the racetrack association's live pari-mutuel pools in a calendar year in excess of $500 million.