ORS 462.140
Prohibitions concerning bookmaking, betting

  • track take
  • computation, use of breaks

(1)

A person may not conduct or commit, attempt or conspire to conduct or commit pool selling, bookmaking, or circulate handbooks, or bet or wager on any licensed race meet, other than by the mutuel method. All moneys wagered in Oregon must be accounted for through a computerized mutuel wagering system in use by an operating race meet in this state and approved by the Oregon Racing Commission. Wagering into pools outside of Oregon via telephone or other device is prohibited unless the wagering information is transmitted by a licensee that conducts off-race course mutuel wagering pursuant to ORS 462.700 (Authorization) to 462.740 (Rules).

(2)

A race meet licensee may not take more than 22 percent of the gross receipts of any mutuel wagering system subject to approval by the commission.

(3)

A race meet licensee shall compute breaks in the mutuel system at 10 cents for each dollar wagered in a specific mutuel pool except, when the breaks in the mutuel system compute to less than 10 cents total for each dollar wagered, the race meet licensee shall compute the breaks on that specific mutuel pool at five cents. When the breaks in the mutuel system compute at 10 cents or more for each dollar wagered, the race meet licensee shall pay in increments of 10 cents for each dollar wagered. When the breaks in the mutuel system compute to less than 10 cents for each dollar wagered, the race meet licensee shall pay five cents for each dollar wagered. For horses, 45 percent of the breaks shall be retained by the licensee. For greyhounds, 33-1/3 percent shall be retained by the licensee. The other 55 percent for horses and 66-2/3 percent for greyhounds shall be paid as follows:

(a)

For thoroughbred horse races, to the Oregon Thoroughbred Owners and Breeders Association, Incorporated, to be used by that association subject to prior approval of the commission, in such amounts and for such of the following purposes as the association deems desirable:

(A)

For breeders awards;

(B)

For stallion awards;

(C)

For education of the members of the association and other horsemen regarding the breeding and racing of thoroughbred horses; or

(D)

For the promotion and development of thoroughbred horse breeding and racing in Oregon.

(b)

For quarter horse races, to the Oregon Quarter Horse Racing Association, Incorporated, to be used by that association subject to prior approval of the commission, in such amounts and for such of the following purposes as the association deems desirable:

(A)

For breeders awards;

(B)

For stallion awards;

(C)

For education of the members of the association and other horsemen regarding the breeding and racing of quarter horses; or

(D)

For the promotion and development of quarter horse breeding and racing in Oregon.

(c)

For races for any other horses not designated in paragraphs (a) and (b) of this subsection, to each association of horsemen recognized by the commission as representing the other breeds of horses, to be used by that association subject to prior approval of the commission, in such amounts and for such of the following purposes as each recognized association deems desirable:

(A)

For breeders awards;

(B)

For stallion awards;

(C)

For education of the members of the association and other horsemen regarding the breeding and racing of horses; or

(D)

For the promotion and development of horse breeding and racing in Oregon.

(d)

By a licensee of a race meet for greyhounds:

(A)

One-half thereof to augment purses subject to reasonable regulations prescribed by the commission.

(B)

The other one-half thereof for benefit and improvement of the breeding, ownership, training and racing of greyhounds in Oregon, subject to reasonable regulations prescribed by the commission. Included, but not by way of limitation, would be payment of purses for maiden graduation or special schooling races without wagering, and construction and operation of one or more appropriate public training facilities within the state. All such funds shall be retained by the licensee in an account separate from all other funds, and no disbursements or transfers shall be made therefrom without prior approval of the commission. [Amended by 1955 c.456 §1; 1957 c.313 §9; 1965 c.627 §1; 1969 c.356 §19; 1975 c.550 §7; 1977 c.855 §5; 1979 c.698 §4; 1981 c.544 §12; 1985 c.675 §7; 1987 c.413 §20; 1993 c.682 §6; 1997 c.865 §8; 2005 c.777 §20; 2007 c.177 §6]

Source: Section 462.140 — Prohibitions concerning bookmaking, betting; track take; computation, use of breaks, https://www.­oregonlegislature.­gov/bills_laws/ors/ors462.­html.

462.010
Definitions
462.020
License requirement
462.025
Notice required to terminate use of license
462.030
Qualifications for eligibility of race meet operator
462.040
Race meet licenses, classes, limitations, contents
462.050
Application for race meet license
462.055
Authority to require applicant to have recommendation of local governing body
462.057
License and other fees and purses
462.062
Fees and other payments by licensees of horse race meets not subject to ORS 462.057
462.065
Security for association receiving payments under ORS 462.057 or 462.062
462.067
License and other fees for race meets not subject to ORS 462.057 and 462.062
462.068
Fees for wagering on certain previously held races
462.070
License fees for officials, track operators and other race meet participants
462.072
Cash Vouchers Account
462.073
Unclaimed Winnings Account
462.075
Grounds for refusal to issue or renew licenses
462.080
Exclusion of certain persons from race courses
462.090
Revocation, suspension and refusal to renew licenses
462.100
License fee and tax in lieu of all others
462.110
Public liability insurance required
462.125
Number and classes of race meets
462.127
Oregon Quarter Horse Racing Association and Oregon Division Horsemen’s Benevolent and Protective Association racing
462.130
Oregon bred horse races
462.135
Oregon bred greyhound races
462.140
Prohibitions concerning bookmaking, betting
462.142
Account wagering
462.145
Handicapping contests
462.147
Mutuel pools
462.150
Regulation of underpayments
462.155
Wagering on races previously held
462.157
Limitations on wagering on historical animal racing
462.160
When race meet is a nuisance
462.170
Commission rules apply to county fairs
462.185
Issuance of licenses to animal owners or trainers
462.190
Restrictions on minors
462.195
Written statement of age from purchaser of mutuel wagering ticket or receipt
462.200
Tests of animals participating in race meets or persons required to be licensed
462.210
Oregon Racing Commission
462.220
Compensation and expenses of members
462.230
Vacancies and removal
462.240
Oath of office
462.250
Organization of commission
462.260
Oregon Racing Commission Account
462.265
Commission subject to state budget procedures and laws governing supervision of expenditures
462.270
Duties of commission
462.272
Power of commission to administer oaths, take depositions, issue subpoenas
462.273
Prohibited activities of commission, staff and family members
462.275
Commission activities concerning betterment of racing
462.277
Service and execution of warrants of arrest and search warrants
462.301
Definitions for ORS 462.301 to 462.340
462.304
Legislative findings
462.307
Lawful exchange wagering
462.310
Exchange wagering accounts
462.313
Exchange wagering license
462.316
Prohibition on accepting certain wagers
462.319
Collection of exchange revenues
462.322
Cancellation of wagers
462.325
Matched wagers
462.328
Posting of exchange wager in market
462.331
Posting of exchange wager in pool
462.334
Fees
462.337
Limitations on authority of Oregon Racing Commission
462.340
Rules
462.405
Board of stewards’ authority
462.408
Recovery of owed amounts
462.415
Animals prohibited from racing
462.417
Schedule of purses to have prior approval of commission
462.420
Stimulating or depressing participating animal prohibited
462.430
Prohibitions concerning influencing results of races
462.450
Regulation of possession, transportation or use of drugs at race course
462.460
Racing animal under name or designation other than registered name or designation or altering license prohibited
462.470
Aiding or abetting racing of animal under name or designation other than registered name or designation prohibited
462.510
Demand or acceptance of compensation for furnishing racing information as touting
462.520
Penalty for falsely using name of racing official as source of information in commission of touting
462.700
Authorization
462.710
Application
462.720
Pooling wagered moneys
462.725
Multi-jurisdictional simulcasting and wagering
462.727
Totalizator business license
462.730
Payments by licensee to commission
462.735
Suspension or refusal to renew license
462.740
Rules
462.990
Penalties
Green check means up to date. Up to date