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Notice of Change/WithdrawalDEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION Division of Parimutuel Wagering RULE NOS.: RULE TITLES: 61D11.001×Definitions 61D11.002×Wardroom Games 61D11.003×CarPlay
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The division of pari-mutuel wagering is a report that breaks down the distribution of funds from wagers placed on a specific event.
The entity responsible for accepting and managing the wagers, such as a racetrack or off-track betting facility, is required to file the division of pari-mutuel wagering.
The division of pari-mutuel wagering is typically filled out by detailing the total amount wagered, the amounts contributed to the prize pool, operating expenses, and taxes, and the remaining funds distributed to winning bettors.
The purpose of the division of pari-mutuel wagering is to provide transparency and accountability in the distribution of funds from wagering activities.
The division of pari-mutuel wagering must report the total amount wagered, the breakdown of how funds were distributed, operating expenses, and taxes paid.
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