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Primary Text
Distribution of Total Wager Funds or Gross Receipts.- The total wager funds or gross receipts from the sale of betting tickets will b apportioned as follows:
(a) Eighty-two percent (82%) shall be distributed in the forms of dividends among the holders of winning tickets whether frompari-mutuel,daily double, forecast, llave, quinella, trifecta, exotics or any other manner of betting:
(b) Eight and one-half percent (8 1/2%) shall be retained by the grantee as its commission for conducting the horse races;
(c) Eight and one-half percent (8 1/2%) shall be set aside for the payment of stakes or prizes of win, place and show horses and the authorized bonuses for jockeys;
(d) One-half percent (1/2%) shall be set aside for use of the PHILRACOM:Provided,That in the case of gross receipts derived from the total sale forpari-mutuelraces, the one-half percent (1/2%) government share shall be set aside for use of the GAB, to be shared equally with the Jockeys and Horse Trainers' Injury, Disability and Death Compensation Fund created under Republic Act No. 309, as amended; and
(e) One-half percent (1/2%) shall be set aside for the operation of drug testing facilities for personnel, jockeys, trainers and horses and rehabilitation of the racing facilities of the grantee.
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