Pari-mutuel wagering

Pari-mutuel wagering means a system of wagering on horse races, jai-alai, greyhound, and harness racing, where the winners divide the total amount wagered, net of commissions and operating expenses, proportionate to the individual amount wagered.

Source

25 CFR § 542.2

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Scoping language

The definitions in this section shall apply to all sections of this part unless otherwise noted.

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