Assembly Bill No. 666–Committee on Taxation

March 22, 1999

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Referred to Committee on Judiciary

 

SUMMARY—Revises provisions relating to off-track pari-mutuel wagering. (BDR 41-1656)

FISCAL NOTE: Effect on Local Government: No.

Effect on the State or on Industrial Insurance: No.

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted. Green numbers along left margin indicate location on the printed bill (e.g., 5-15 indicates page 5, line 15).

 

AN ACT relating to pari-mutuel wagering; revising the prohibition against rebates and incentives under certain circumstances; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

1-1 Section 1. NRS 464.075 is hereby amended to read as follows:

1-2 464.075 1. A person who is licensed to engage in off-track pari-

1-3 mutuel wagering shall not:

1-4 (a) Accept from a patron less than the full face value of an off-track

1-5 pari-mutuel wager;

1-6 (b) Agree to refund or rebate to a patron any portion or percentage of

1-7 the full face value of an off-track pari-mutuel wager; or

1-8 (c) Increase the payoff of, or pay a bonus on, a winning off-track pari-

1-9 mutuel wager [.] ,

1-10 if the race upon which the wager is placed occurs in a jurisdiction that

1-11 prohibits such an acceptance, agreement or increase.

1-12 2. A person who is licensed to engage in off-track pari-mutuel

1-13 wagering and who:

1-14 (a) Attempts to evade the provisions of subsection 1 by offering to a

1-15 patron a wager that is not posted and offered to all patrons; or

1-16 (b) Otherwise violates the provisions of subsection 1,

1-17 is subject to the investigatory and disciplinary proceedings that are set

1-18 forth in NRS 463.310 to 463.318, inclusive, and shall be punished as

1-19 provided in those sections.

2-1 3. The Nevada gaming commission shall adopt regulations to carry out

2-2 the provisions of this section.

2-3 Sec. 2. This act becomes effective on July 1, 1999.

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