Nevada Revised Statutes 466.028 – ‘Pari-mutuel wagering’ defined
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‘Pari-mutuel wagering’ means a system of placing wagers on a horse race whereby the wager is placed at a window and equipment is used to pay a person‘s winnings in the precise amount of money wagered by persons who did not win, after deducting taxes owed and commissions charged by the race track.
Terms Used In Nevada Revised Statutes 466.028
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039