Skip to content

Earlier editions: 2020-112018-11

DIVISION 8. SPECIAL BUSINESS REGULATIONS 18400-22949.92.2›CHAPTER 4. Horse Racing 19400-19668›ARTICLE 9.2. Satellite Wagering 19605-19608.8

§ 19606.5

California Business and Professions Code · 2026 edition · updated 2026-10-04 · California

Notwithstanding subdivision (b) of Section 19641, the state shall receive as additional license fees 50 percent of any redistributable money in a parimutuel pool arising from wagers at a satellite wagering facility in the central or southern zone, subject to payment to a claimant pursuant to Section 19598, but not successfully claimed within that period, and the funds shall be deposited in the General Fund. The remaining 50 percent of redistributable money in a parimutuel pool arising from wagers at a satellite wagering facility shall be paid to a welfare fund established by the horsemen’s organization contracting with the association conducting the racing meeting for the benefit of horsemen, and that organization shall make an accounting to the board within one calendar year of the receipt of the payment.

(Amended by Stats. 1991, Ch. 1113, Sec. 1. Effective October 14, 1991.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code
▸Contents — California Business and Professions Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.