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198y — Puerto Rico Law | CourtGPT
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  4. Title Fifteen - Sports and Parks (§§ 1 — 2020)/
  5. Subtitle 1 - Generally/
  6. Chapter 11 - Horse Racing § 198 - Horse Racing Industry and Sport Act; Short Title/
  7. 198y
Puerto Rico Legal Code

198y

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The net receipts proceeding from the operations of the electronic video games system shall be covered into a special account created by the operating enterprise. The amount to be distributed to the player in prizes shall not be less than eighty-three percent (83%) of the total value of the games played. This ratio shall be measured on the basis of the parameters to be established through regulations.The operating enterprise shall distribute the net receipts from the operations in the following order and manner:(a) If the electronic video games system is operated by the operating enterprise:(1) Fifteen percent (15%) to the Horse Racing Agents Commission Fund, to be paid according to what was established through regulations;(2) fifteen percent (15%) to be paid into the account for race prizes, and(3) seventy percent (70%) to the operating enterprise.(b) If the electronic video games system is operated by a provider:(1) Fifteen percent (15%) to the Horse Racing Agents Commission Fund, to be paid according to what was established through regulations;(2) fifteen percent (15%) to be paid into the account for race prizes, and(3) the remainder(A) the amount agreed upon by the provider and

be paid according to what was established through regulations;(2) fifteen percent (15%) to be paid into the account for race prizes, and(3) the remainder(A) the amount agreed upon by the provider and the operating enterprise shall be divided between the provider and the operating enterprise pursuant to the agreement between the operating enterprise and the provider.Any remainder from the net receipts proceeding from the operations of the electronic video games system, after the items mentioned in subsections (a) and (b) have been covered, shall be paid and covered into the General Fund of the Commonwealth of Puerto Rico. History —July 2, 1987, No. 83, p. 296, added as § 30 on June 5, 2004, No. 139, § 19.