Okla. Stat. tit. 3A, § 208
Distribution of Breakage Proceeds
Effective Jul 1, 1989State Question No. 553, Initiative Petitiion No. 315, adopted at election held September 21, 1982; Amended by Laws 1983, HB 1022, c. 11, § 26, emerg. eff. March 22, 1983; Amended by Laws 1989, HB 1637, c. 369, § 99, emerg. eff. July 1, 1989.
- A. From any payment made to an individual who has wagered by contributing to a pari-mutuel pool operated by an organization licensee, the organization licensee shall deduct the odd cents by which the amount payable on each dollar wagered exceeds a multiple of ten cents ($0.10). If there is a minus pari-mutuel pool, the organization licensee shall deduct the odd cents by which the amount payable on each dollar wagered exceeds a multiple of five cents ($0.05). The amount so deducted shall be known as breakage.
- B. All breakage proceeds shall be remitted by the organization licensee to the Commission for deposit in the Oklahoma Breeding Development Fund Special Account.
State Question No. 553, Initiative Petitiion No. 315, adopted at election held September 21, 1982; Amended by Laws 1983, HB 1022, c. 11, § 26, emerg. eff. March 22, 1983; Amended by Laws 1989, HB 1637, c. 369, § 99, emerg. eff. July 1, 1989.