Nevada § 466.151 - Limitation on commissions deducted by licensee from pari-mutuel wagering; other deductions in paying bets
Full text of Nevada Nevada Revised Statutes § 466.151 — Limitation on commissions deducted by licensee from pari-mutuel wagering; other deductions in paying bets, with citation guidance and answers to common questions.
§ 466.151. Limitation on commissions deducted by licensee from pari-mutuel wagering; other deductions in paying bets
1. The commissions deducted by any licensee from pari-mutuel wagering on racing must
not exceed 20 percent of the gross amount of money handled in each pari-mutuel pool
operated by the licensee during the period of the license. 2. In addition to the commissions provided for in subsection 1, the licensee may deduct
odd cents less than 10 cents per dollar in paying bets.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 466.151
What does Nevada Revised Statutes § 466.151 cover?
Section 466.151 ("Limitation on commissions deducted by licensee from pari-mutuel wagering; other deductions in paying bets") 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 § 466.151?
A common citation format is "Nevada Revised Statutes § 466.151" (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 § 466.151 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.