A licensee for pari-mutuel racing other than an agricultural fair shall pay a fee of $200.00 for each day of racing or simulcasting; an agricultural fair shall pay $20.00 for each day of pari-mutuel racing. The fee shall be paid by the licensee to the town treasurer of the town where the race or simulcast is conducted within seven days after the date on which the race or simulcast was held. (Added 1961, No. 246, § 8, eff. July 26, 1961; amended 1985, No. 200 (Adj. Sess.), § 5, eff. May 30, 1986.)