Pari-mutuel wagering-breakage.

Plain English Breakdown

The official source material does not provide specific details on the distribution of funds collected from historic events, only that permit holders must pay an amount to a special account.

Pari-mutuel Wagering Breakage Act

The bill requires the distribution of leftover money from past pari-mutuel betting events and sets rules for how this money is handled.

What This Bill Does

• Defines 'breakage' as any remaining cents that cannot be evenly distributed in a pari-mutuel pool after payouts are made.
• Requires permit holders to pay one-quarter percent of the total amount wagered from past betting events and an additional amount based on breakage to a special account every Wednesday following any pari-mutuel event.

Who It Names or Affects

• Pari-mutuel betting permit holders
• The state treasurer

Terms To Know

Breakage

Leftover cents from a pari-mutuel pool that cannot be evenly distributed.

Pari-mutuel event

A betting event where all bets are pooled and winnings are divided among the winners based on the total amount bet.

Limits and Unknowns

• The bill did not pass in its current session.
• It is unclear how much money will be collected from historic events due to breakage.

Current Bill Text

25LSO-0053
2025
STATE OF WYOMING
25LSO-0053
Numbered
2.0

HOUSE BILL NO. HB0084

Pari-mutuel wagering-breakage.

Sponsored by: Joint Appropriations Committee

A BILL

for

AN ACT relating to pari-mutuel wagering; requiring distribution of historic pari-mutuel event breakage amounts as specified; creating a definition; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.

W.S. 11
‑
25
‑
102(a) by creating a new paragraph (xxiii) and 11
‑
25
‑
201(b)(ii) are amended to read:

11
‑
25
‑
102.

Definitions.

(a)

As used in this act:

(xxiii)

"Breakage" means the odd cents on any sum otherwise distributable in a pari
‑
mutuel pool.

11
‑
25
‑
201.

Pari
‑
mutuel permits; fees and reports; disposition of funds; enforcement of provisions.

(b)

Every Wednesday following any pari
‑
mutuel event, the permittee shall:

(ii)

Pay an amount equal to one
‑
quarter percent (1/4%) of the total amount wagered attributable to historic pari
‑
mutuel events and one and one
‑
half percent (1 1/2%) of the total amount wagered attributable to live pari
‑
mutuel events, shown by the report to the commission
, and an amount equal to the breakage on historic pari
‑
mutuel events retained under subsection (c) of this section
, to be credited by the state treasurer to a separate account, in the manner indicated in subsection (d) of this section;

Section 2
.

This act is effective July 1, 2025
.

(END)

1
HB0084