Simulcasting and disposition of pools

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  • (a) Notwithstanding any other provisions of law, the Virgin Islands Horse Racing Commission may permit a person, corporation, or association that is licensed to or awarded a lease franchise or concession agreement to conduct horse racing to display the simulcast of horse races or any other pari-mutuel event from any racetrack within or outside the Virgin Islands and conduct parimutuel betting including telephonic account betting thereon subject to any rules and regulations and conditions established by the Commission not inconsistent with section 204(a) of this chapter upon which a service charge of not more than one-half percent of the bet may be assessed for telephonic betting; provided that the parimutuel take of the simulcast operator shall be the same as that of the sending jurisdiction and the portion thereof paid to the Government of the Virgin Islands in lieu of gross receipt taxes shall be four percent (4%) of that take minus host track fees. The provisions of this section shall be retroactive to January 2, 2000.

  • (b) “Breaks” shall be retained by the simulcaster or simulcast operator as part of its parimutuel take or income.


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