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HomeBusiness and Professions CodeDiv. 8Ch. 4Art. 1§ 19411 Parimutuel Wagering Definition

§ 19411 Parimutuel Wagering Definition

Business and Professions Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 19411 Parimutuel Wagering Definition

Key Takeaways

  • •Parimutuel wagering is a type of betting where people bet on horse races.
  • •Bettors buy tickets or place bets on the outcome of one or more horse races.
  • •The total amount of money bet is pooled together, and after taking out some money for specified purposes, the rest is given to the winners based on the official race results.

Example

You and your friends go to a horse race and bet on different horses.

All the money everyone bets is put together in a big pool. After the race, some money is taken out for things like taxes or fees, and the rest is split among the people who bet on the winning horse.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 19411 Parimutuel Wagering Definition

“Parimutuel wagering” is a form of wagering in which bettors either purchase tickets of various denominations, or issue wagering instructions leading to the placement of wagers, on the outcome of one or more horse races. The association distributes the total wagers comprising each pool, less the amounts retained for purposes specified in this chapter, to winning bettors based on the official race results. (Amended (as amended by Stats. 2001, Ch. 198, Sec. 1) by Stats. 2007, Ch. 613, Sec. 1. Effective January 1, 2008.)

Last verified: January 22, 2026

Key Terms

Parimutuel wageringhorse racestotal wagerswinning bettors

Related Statutes

  • § 19401 Horse Racing Wagering Rules
  • § 1600 Dental Practice Act
  • § 1601.1 Dental Board Composition
  • § 1601.2 Public Protection Priority
  • § 1601.3 Committee Regulatory Change Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Business and Professions Code. Section 19411.
View Official Source