Alabama § 45-44-151.01 - Combined Parimutuel Pools and Takeout for Televised Racing Events.

§ 45-44-151.01. Combined Parimutuel Pools and Takeout for Televised Racing Events.

With respect to greyhound racing events that are conducted at the Macon County racetrack and are transmitted by television to other locations, the racing operator may create and administer parimutuel pools that, in addition to bets made by bettors at the Macon County racetrack, include bets made by bettors at one or more of the locations receiving the televised racing events. With respect to horse or greyhound racing events that are conducted at racetracks other than the Macon County racetrack and are received by television at the Macon County racetrack, the racing operator may participate in parimutuel pools, created and administered by the racetrack conducting the televised events, that include bets made by bettors at the Macon County racetrack as well as bets made by bettors at the racetrack conducting the televised events and at other locations receiving the televised events. Parimutuel pools that include bets made by bettors at both the Macon County racetrack and other locations are herein referred to as combined pools. The amount allowed to the racing operator as the takeout with respect to parimutuel pools bet at the Macon County racetrack on horse or greyhound racing events that are received by television from elsewhere shall be the same as the takeout that would be allowed by applicable law on the same kind of parimutuel pools bet on live greyhound racing at the Macon County racetrack. With respect to horse or greyhound racing events received by television at the Macon County racetrack, the racing operator, in order to enable bettors at the Macon County racetrack to participate fully in combined pools, may adjust the takeout for bets placed at the Macon County racetrack to match the takeout required for the combined pools administered by the racetrack operator transmitting such racing events.