Placing and money distribution

1. Unless otherwise provided in the conditions, all purses must be distributed on the cash basis, with money being awarded according to a horse's position in each separate dash or heat of the race. 2. Purse money distributed must be limited to the first five finishing positions. 3. Unless otherwise specified in the conditions, purse money distribution in dashes must be fifty percent for the first, twenty-five percent for the second, twelve percent for the third, eight percent for the fourth, and five percent for the fifth finishing positions. 4. If there are less than five starters in a stake: a. Each horse in the money shall receive: (1) Its proportionate share of the total stakes fees, depending on the place of finish of that horse and the total number of horses that finished; and (2) Its designated percentage of added money; and b. The balance of added money must be returned to the sponsor. 5. In overnight events, if there are less than five starters, the premiums for the positions for which there are no starters may be retained by the association or sponsor, as the case may be, but any premiums so retained by the association may not be included in the overall purse structure in any agreement between the association and any horsemen's association. 6. If premiums apply with respect to any horses that start but were unable to finish due to an accident or otherwise, all unoffending horses that did not finish shall share equally in those premiums. 7. If premiums apply with respect to any horses that start but were unable to finish under circumstances to which subsection 6 does not apply, the premiums may be retained by the association or sponsor. 8. Every heat is a race and the purse must be distributed as in dash races with nothing being required to be set aside for the race winner. 9. If an ineligible horse is permitted to race, that horse is disqualified from winning any portion of the purse.