Section 350. Purse amounts

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Part IV. Distribution of Purse Money

Pursuant to § 59.1-392 of the Code of Virginia, 8.0% of the pari-mutuel pools for straight wagering, and 9.0% of the pari-mutuel pools for multiple wagers shall be allocated for purse money to participants by the licensee. In making the distribution of purse money, the licensee shall, to the extent possible, maintain purse amounts in proper relationship to actual pari-mutuel handles.

Historical Notes

Derived from VR662-01-02 § 4.1, Volume 06, Issue 13, eff. April 25, 1990.

Statutory Authority

§ 59.1-369 of the Code of Virginia.

                    
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