LAC 35:XIII.10365. Association's Deduction from Pari-Mutuel Pool

A. The commission deducted by the association from pari-mutuel pools shall not exceed that percentage which is provided by law of the gross amount of money handled and the odd cents over any multiple of $0.10 of winnings per dollar wagered. All associations licensed by the commission to conduct racing under the pari-mutuel or certificate system of wagering must in all cases of a minus pool, pay off $1.05 on each $1 wager.