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
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
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Section 1. NRS 464.075 is hereby amended to read as follows: 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-track1-5
pari-mutuel wager;1-6
(b) Agree to refund or rebate to a patron any portion or percentage of1-7
the full face value of an off-track pari-mutuel wager;1-8
(c) Increase the payoff of, or pay a bonus on, a winning off-track pari-1-9
mutuel wager1-10
(d) Provide any other incentive,1-11
if the race upon which the wager is placed occurs in a jurisdiction that1-12
prohibits such an acceptance, agreement, increase or incentive.1-13
2. A person who is licensed to engage in off-track pari-mutuel1-14
wagering and who:1-15
(a) Attempts to evade the provisions of subsection 1 by offering to a1-16
patron a wager that is not posted and offered to all patrons; or1-17
(b) Otherwise violates the provisions of subsection 1,2-1
is subject to the investigatory and disciplinary proceedings that are set forth2-2
in NRS 463.310 to 463.318, inclusive, and shall be punished as provided in2-3
those sections.2-4
3. The Nevada gaming commission shall adopt regulations to carry out2-5
the provisions of this section.2-6
Sec. 2. This act becomes effective on July 1, 1999.~