Nevada § 466.125 - Tax on conducting racing with pari-mutuel wagering; distribution of portion of pari-mutuel money as purses; exceptions
Full text of Nevada Nevada Revised Statutes § 466.125 — Tax on conducting racing with pari-mutuel wagering; distribution of portion of pari-mutuel money as purses; exceptions, with citation guidance and answers to common questions.
§ 466.125. Tax on conducting racing with pari-mutuel wagering; distribution of portion of pari-mutuel money as purses; exceptions
1. Each licensee conducting racing with pari-mutuel wagering shall pay to the Commission
for the use of the State a tax at the rate of 2 percent on all pari-mutuel money handled
on horse races during the race meeting. 2. State fair associations, agricultural societies, county fair and recreation boards,
county agricultural associations and nonprofit organizations formed to conduct race
meetings shall pay 1 percent of the pari-mutuel money handled during race meetings. 3. Each licensee conducting racing with pari-mutuel wagering, except a state fair
association, agricultural society, county fair and recreation board or other association
to which state or county aid is given, shall distribute not less than 8 percent of
all pari-mutuel money handled on horse races as purses to the owners of the horses
winning those races.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 466.125
What does Nevada Revised Statutes § 466.125 cover?
Section 466.125 ("Tax on conducting racing with pari-mutuel wagering; distribution of portion of pari-mutuel money as purses; exceptions") 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 § 466.125?
A common citation format is "Nevada Revised Statutes § 466.125" (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 § 466.125 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.