466.028 - “Pari-mutuel wagering” defined. - Nevada Statutes

466.028  “Pari-mutuel wagering” defined.  “Pari-mutuel wagering” means a system of placing wagers on a horse race whereby the wager is placed at a window and equipment is used to pay a person’s winnings in the precise amount of money wagered by persons who did not win, after deducting taxes owed and commissions charged by the race track.

      (Added to NRS by 1991, 704; A 1997, 3130)