2025 25LSO-0053
STATE OF WYOMING Working Draft
0.4
DRAFT ONLY
NOT APPROVED FOR
INTRODUCTION
HOUSE BILL NO.
Pari-mutuel wagering-breakage.
Sponsored by: HDraft Committee
A BILL
for
1 AN ACT relating to pari-mutuel wagering; requiring
2 distribution of historic pari-mutuel event breakage amounts
3 as specified; creating a definition; and providing for an
4 effective date.
5
6 Be It Enacted by the Legislature of the State of Wyoming:
7
8 Section 1. W.S. 11-25-102(a) by creating a new
9 paragraph (xxiii), 11-25-201(b)(iii), (iv) and by creating
10 a new paragraph (v) and (d) are amended to read:
11
12 11-25-102. Definitions.
13
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3 STAFF COMMENT
4 The Wyoming Gaming Commission rules, Pari-Mutuel, Chapter 1
5 define breakage as follows:
6
7 BREAKAGE is the odd cents on any sum otherwise
8 distributable in a pari-mutuel pool. Also the
9 difference between the amount contributed to the
10 pari-mutuel pool and the total of the commissions
11 (takeouts) and the sums redistributed to the
12 contributors.
13
14 Note that the definition of pari-mutuel wagering also
15 references breakage:
16
17 11-25-102. Definitions.
18 (a) As used in this act:
19 (vi) "Pari-mutuel wagering" means
20 wagering on the outcome of pari-mutuel events in
21 which those who wager purchase tickets of various
22 denominations on entrants in the events and all
23 wagers for each event are pooled and held by the
24 permittee for distribution, and when the outcome
25 of the event has been decided, the permittee
26 distributes the total wagers comprising the pool,
27 less an amount not greater than twenty-five and
28 nine-tenths percent (25.90%) for live racing and
29 in the event of simulcasting an amount not to
30 exceed the percentage allowed at the host track
31 or thirty-five percent (35%), whichever is less
32 and less the amount for breakage to holders of
33 tickets on the winning entries;
34
35
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37 *******************
38
39 (a) As used in this act:
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1 (xxiii) "Breakage" means the odd cents by which
2 the amount distributable on each dollar wagered on the
3 outcome of a pari-mutuel event exceeds a multiple of ten
4 cents ($.10).
5
6 11-25-201. Pari-mutuel permits; fees and reports;
7 disposition of funds; enforcement of provisions.
8
9 (b) Every Wednesday following any pari-mutuel event,
10 the permittee shall:
11
12 (i) File a report with the commission showing
13 the total amount of money wagered during the period;
14
15 (ii) Pay an amount equal to one-quarter percent
16 (1/4%) of the total amount wagered attributable to historic
17 pari-mutuel events and one and one-half percent (1 1/2%) of
18 the total amount wagered attributable to live pari-mutuel
19 events, shown by the report to the commission, to be
20 credited by the state treasurer to a separate account, in
21 the manner indicated in subsection (d) of this section;
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1 (iii) Pay an amount equal to one percent (1%) of
2 the total amount wagered attributable to historic pari-
3 mutuel events, shown by the report to the commission, to be
4 transferred by the commission to the county and the city or
5 town in which the permittee is located, in equal shares, or
6 to the county alone if the permittee is not located within
7 the boundaries of a city or town. The county, city or town
8 receiving an amount under this paragraph may credit that
9 amount to the state fair account upon a majority vote of
10 the county's, city's or town's governing body; and
11
12 (iv) Pay an amount equal to one-quarter percent
13 (1/4%) of the total amount wagered attributable to historic
14 pari-mutuel events, shown by the report to the commission,
15 to be credited to the legislative stabilization reserve
16 account.; and
17
18 (v) Pay an amount equal to the breakage on
19 historic pari-mutuel events retained under subsection (c)
20 of this section to the legislative stabilization reserve
21 account.
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1 (c) The permittee may retain an amount equal to
2 nineteen and four-tenths percent (19.40%) of the total
3 amount wagered shown by the report and may retain up to an
4 additional five percent (5%) of the amount wagered on
5 multiple or exotic wagers. The permittee shall retain the
6 breakage on not more than ten cents ($.10) and retain
7 unclaimed tickets not claimed within one (1) year following
8 the event for the expenses of the race meet and purses and
9 for the promotion of the racing industry.
10
11 (d) All sums paid to the commission under this act
12 except contributions from permittees to the breeder award
13 fund, amounts paid under paragraphs (b)(iii) and (iv)
14 through (v) of this section, fines and penalties shall be
15 credited to the pari-mutuel account which shall be used by
16 the commission for the payment of all expenses incurred in
17 enforcing this act. On a quarterly basis, the commission
18 shall transfer amounts within the account in excess of one
19 million five hundred thousand dollars ($1,500,000.00) to
20 the state treasurer for credit to the legislative
21 stabilization reserve account. All fines and penalties
22 collected under this act shall be paid to the state
23 treasurer and credited as provided in W.S. 8-1-109. The
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1 state treasurer shall pay out of the account all warrants
2 drawn by the state auditor, upon vouchers issued and signed
3 by the president, vice-president or executive secretary of
4 the commission. The commission shall keep an accurate and
5 true account of all funds received and all vouchers issued
6 by the commission. All funds received and all vouchers
7 issued by the commission shall be audited at least
8 biennially by the director of the state department of audit
9 or his designee and a copy of the audit shall be delivered
10 within thirty (30) days after completion to the governor
11 and the commission. The costs of the audit shall be borne
12 by the commission. The members of the commission shall
13 receive per diem and mileage as provided in W.S. 33-1-
14 302(a)(vii), and compensation of fifty dollars ($50.00) for
15 each day during which they are actually engaged in the
16 discharge of their duties. The total expenses incurred by
17 the commission shall not exceed the total amount in the
18 pari-mutuel account.
19
20 Section 2. This act is effective July 1, 2025.
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22 (END)
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Statutes affected:
25LSO-0053 v0.4: 11-25-102, 11-25-201