- (a) The franchise holder shall pay to the Arkansas Racing Commission for deposit in the Arkansas Racing Commission Purse and Awards Fund, to be used for purse supplements, breeders' awards, owners' awards, and stallion awards as provided in Arkansas Code § 23-110-409, an amount equal to one percent (1%) of the net takeout from pari-mutuel wagering at the franchise holder's racetrack facility under the Electronic 1-2-3 (thoroughbred) rules.
- (b) For this purpose, net takeout shall be the amount of the applicable takeout from the wagering pool remaining after payments for system and race rights usage fees.