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Can you summarize Chapter 260-64 WAAC?
Horse Racing Commission > Winnings.
Short Summary
The provided legal document content pertains to the calculation and distribution of winnings in horse racing. According to the document, winnings include all purse moneys won for placing first in any race up to the post time of the race entered. These winnings apply to all races in any country. The determination of winnings is based on the period from January 1st of the corresponding year. The document also states that the winner of a certain sum refers to the winner of a single race of that value, unless otherwise expressed in the conditions. Foreign winnings will be estimated based on the rate of exchange prevailing on the day of the winnings. In stake races, the winnings of a horse will be computed on the value of the gross earnings, including any added moneys. Additionally, the document mentions that the entrance money, starting and nomination fees in every race will go to the winner, unless otherwise provided in the race conditions. If a race is not run, all stakes or entrance money must be returned. Overall, the document provides guidelines and regulations regarding the calculation and distribution of winnings in horse racing events.
Whom does it apply to?
Participants in horse racing events
What does it govern?
Winnings in horse racing
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Washington