# Nev. Rev. Stat. § 464.040: Limitations on amount and division of commissions; payment and disposition of taxes

> Nevada · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NV_T41_C464_S464.040

## Section

- **Citation:** Nev. Rev. Stat. § 464.040
- **Heading:** Limitations on amount and division of commissions; payment and disposition of taxes
- **Jurisdiction:** Nevada
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NV Code / Title 41 / Chapter 464 / Section 464.040

## Text

1. The total commission deducted from pari-mutuel wagering other than off-track pari-mutuel wagering by any licensee licensed pursuant to the provisions of this chapter must not exceed 18 percent of the gross amount of money handled in each pari-mutuel pool operated by the licensee during the period of the license.

2. The total commission deducted from off-track pari-mutuel wagering must be determined by the Nevada Gaming Commission and may be divided between the persons licensed or approved to participate in the conduct of the race or event or the pari-mutuel system of wagering thereon. Such licensure or approval must be obtained pursuant to this chapter or chapter 463 of NRS and pursuant to regulations which may be adopted by the Nevada Gaming Commission.

3. Except as otherwise provided in NRS 464.045 for off-track pari-mutuel wagering, each licensee shall pay to the Nevada Gaming Commission quarterly on or before the last day of the first month of the following quarter of operation for the use of the State of Nevada a tax at the rate of 3 percent on the total amount of money wagered on any race, sporting event or other event.

4. The licensee may deduct odd cents less than 10 cents per dollar in paying bets.

5. Except as otherwise provided in NRS 464.045 for off-track pari-mutuel wagering, the amount paid to the Nevada Gaming Commission must be, after deducting costs of administration which must not exceed 5 percent of the amount collected, paid over by the Nevada Gaming Commission to the State Treasurer for deposit in the State General Fund.

## Nearby sections

- [Nev. Rev. Stat. § 464.005 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_NV_T41_C464_S464.005.md)
- [Nev. Rev. Stat. § 464.010 Licenses required](https://www.frixlaw.com/law-library/statutes/STATE_NV_T41_C464_S464.010.md)
- [Nev. Rev. Stat. § 464.015 Fee for issuance or renewal of license; disposition](https://www.frixlaw.com/law-library/statutes/STATE_NV_T41_C464_S464.015.md)
- [Nev. Rev. Stat. § 464.020 Administration by Nevada Gaming Commission: Issuance of licenses; times and places for wagering; regulations; authority and procedure for appointing Off-Track Pari-Mutuel Wagering Committee; inspection of books and records of licensees](https://www.frixlaw.com/law-library/statutes/STATE_NV_T41_C464_S464.020.md)
- [Nev. Rev. Stat. § 464.025 Regulations governing off-track pari-mutuel wagering; sharing of revenue; approval of Commission](https://www.frixlaw.com/law-library/statutes/STATE_NV_T41_C464_S464.025.md)
- [Nev. Rev. Stat. § 464.040 Limitations on amount and division of commissions; payment and disposition of taxes](https://www.frixlaw.com/law-library/statutes/STATE_NV_T41_C464_S464.040.md)
- [Nev. Rev. Stat. § 464.045 Calculation of monthly state license fee to include gross revenue from off-track pari-mutuel wagering; calculation of gross revenue](https://www.frixlaw.com/law-library/statutes/STATE_NV_T41_C464_S464.045.md)
- [Nev. Rev. Stat. § 464.050 Place for conducting and public viewing of wagering](https://www.frixlaw.com/law-library/statutes/STATE_NV_T41_C464_S464.050.md)
- [Nev. Rev. Stat. § 464.060 Wagering outside enclosure or licensed establishment prohibited](https://www.frixlaw.com/law-library/statutes/STATE_NV_T41_C464_S464.060.md)
- [Nev. Rev. Stat. § 464.070 Limitation on wager by agent; off-track wagering by agent prohibited](https://www.frixlaw.com/law-library/statutes/STATE_NV_T41_C464_S464.070.md)
- [Nev. Rev. Stat. § 464.075 Altering value of wager for patron prohibited; regulations; exemptions](https://www.frixlaw.com/law-library/statutes/STATE_NV_T41_C464_S464.075.md)
- [Nev. Rev. Stat. § 464.080 Suspension or revocation of license: Hearing; judicial review](https://www.frixlaw.com/law-library/statutes/STATE_NV_T41_C464_S464.080.md)
- [Nev. Rev. Stat. § 464.100 Penalty](https://www.frixlaw.com/law-library/statutes/STATE_NV_T41_C464_S464.100.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NV_T41_C464_S464.040. Check the current official text before relying on it. Not legal advice.