Nevada § 464.005 - Definitions
Full text of Nevada Nevada Revised Statutes § 464.005 — Definitions, with citation guidance and answers to common questions.
§ 464.005. Definitions
As used in this chapter, unless the context otherwise requires: 1. “ Gross revenue ” means the amount of the commission received by a licensee that is deducted from
off-track pari-mutuel wagering, plus breakage and the face amount of unpaid winning
tickets that remain unpaid for a period specified by the Nevada Gaming Commission. 2. “ Off-track pari-mutuel system ” means a computerized system, or component of such a system, that is used with regard
to a pari-mutuel pool to transmit information such as amounts wagered, odds and payoffs
on races, sporting events or other events. 3. “ Off-track pari-mutuel wagering ” means any pari-mutuel system of wagering approved by the Nevada Gaming Commission
for the acceptance of wagers on: (a) Horse or dog races which take place outside of this state; (b) Sporting events; or (c) Other events. 4. “ Operator of a system ” means a person engaged in providing an off-track pari-mutuel system. 5. “ Pari-mutuel system of wagering ” means any system whereby wagers with respect to the outcome of a race, sporting
event or other event are placed in a wagering pool conducted by a person licensed
or otherwise permitted to do so under state law, and in which the participants are
wagering with each other and not against that person. The term includes off-track pari-mutuel wagering.
Frequently Asked Questions About Nevada § 464.005
What does Nevada Revised Statutes § 464.005 cover?
Section 464.005 ("Definitions") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. 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 Nevada § 464.005?
A common citation format is "Nevada Revised Statutes § 464.005" (Nevada). 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 Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 464.005 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada 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 Nevada.