Nebraska § 2-1208.03 - Exotic wagering; terms, defined.
Full text of Nebraska Revised Statutes of Nebraska § 2-1208.03 — Exotic wagering; terms, defined., with citation guidance and answers to common questions.
§ 2-1208.03. Exotic wagering; terms, defined.
For purposes of sections 2-1208.03 and 2-1208.04, unless the context otherwise requires:
(1) Exotic wagers shall mean daily double, exacta, quinella, trifecta, pick six, and other similar types of bets which are approved by the commission;
(2) Gross exotic daily receipts shall mean the total sum of all money wagered, on a daily basis, by means of exotic wagers at race meets;
(3) Race meet shall mean any exhibition of racing of horses at which the parimutuel or certificate method of wagering is used;
(4) Racetrack shall mean any racetrack licensed by the commission to conduct race meets; and
(5) Recipient track shall mean a racetrack with a total annual parimutuel handle, based on the previous racing year, of twelve million dollars or less.
For purposes of determining a racetrack's eligibility to receive funds from the track distribution fund, the State Racing Commission must include the total dollar amount of all wagers placed at the track over the course of a calendar year, including amounts wagered on races which are simulcast to the track from another location. State Bd. of Ag. v. State Racing Comm., 239 Neb. 762, 478 N.W.2d 270 (1992).
Frequently Asked Questions About Nebraska § 2-1208.03
What does Revised Statutes of Nebraska § 2-1208.03 cover?
Section 2-1208.03 ("Exotic wagering; terms, defined.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 2-1208.03?
A common citation format is "Revised Statutes of Nebraska § 2-1208.03" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 2-1208.03 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.