Business and Professions Code section 19597

Notwithstanding any other provision of this chapter, a person licensed under this chapter to conduct a horse racing meeting shall, as to any payment made to a person who has wagered by contributing to a parimutuel pool operated by such licensee, also deduct the applicable breakage, as defined by Section 19405.

Source: Section 19597, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=BPC§ionNum=19597.­ (updated Jan. 1, 2001; accessed Jun. 16, 2025).

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Verified:
Jun. 16, 2025

§ 19597's source at ca​.gov