1. (a) Distribution.— A licensed racing entity shall distribute money in a pari-mutuel pool to the holders of winning tickets presented for payment before the first day of April of the year following the date of purchase. Failure to present a winning ticket within the prescribed period of time shall constitute a waiver of the right to participate in the award or dividend. After April 1 of the year following the year of purchase, a licensed racing entity shall forward the necessary funds held for uncashed tickets to the Department of Revenue. The funds shall be deposited into the State Racing Fund.

2. (b) Remainder.— The remainder of the money shall be retained by the licensed racing entity in the following manner:

   1. (1) Seventeen percent of the money plus the breakage from regular wagering pools or 19% of the money plus the breakage from regular wagering pools for licensed racing entities whose daily total in all pari-mutuel pools averaged less than $300,000.
   2. (2) Twenty percent of the money plus breakage from the exacta, daily double, quinella and other wagering pools as determined by the commission.
   3. (3) At least 26%, but no more than 35%, from the trifecta or other wagering pools as determined by the commission.
3. (c) Retention.— A licensed racing entity may retain lesser percentages upon approval of the commission.

Cross References. Section 9335 is referred to in sections 9334, 9344 of this title; sections 13F06, 13F08, 13F42 of Title 4 (Amusements).