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Can you summarize RIGL Title 41, Chapter 11?
Sports, Racing, and Athletics > Simulcast Programs from Licensed Betting Facilities
Short Summary
This legal document governs the taxes and commissions on simulcast programs from licensed betting facilities in the State of Rhode Island. It applies to licensees conducting wagering in a simulcast betting facility under the pari-mutuel system. The document imposes a tax on such programs based on the type of wagers placed, with rates ranging from 4% to 5.5%. Additionally, if the division approves the integration of wagers placed at the simulcast facility into similar wagering pools at a host facility, the licensee may retain a commission equal to the takeout at the host facility. The tax structure also applies to any transmission of programs between licensed facilities within the state. The document also addresses the handling of unclaimed money from outstanding and uncashed winning tickets, which must be paid into the general fund of the state after one year. It further specifies that money wagered on the simulcast of intrastate and interstate programs is subject only to the tax imposed in this section. No penalties are mentioned in this document.
Whom does it apply to?
Licensees conducting wagering in a simulcast betting facility under the pari-mutuel system
What does it govern?
Taxes and commissions on simulcast programs from licensed betting facilities
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Rhode Island