Amendment to R.A. No. 309, as amended Re: Distribution of Horse Race Receipts
Republic Act No. 1933, enacted on June 22, 1957, amends the distribution of receipts from horse races in the Philippines. It stipulates that 87.5% of total wager funds from regular races will be divided as dividends for winning horse holders, while 6.5% is allocated as the commission for race organizers, and 5.5% for stakes and bonuses for jockeys. For daily-double and llave races, the distribution is slightly adjusted, with 85% going to the winning combination holders. Additionally, a special fund of 0.5% is created for the Games and Amusements Board, with any excess at year-end allocated to the Bureau of Animal Industry for horse-breeding promotion. The Act took effect upon approval.
Quick Answers
- What is Amendment to R.A. No. 309, as amended Re: Distribution of Horse Race Receipts about?
- Republic Act No. 1933, enacted on June 22, 1957, amends the distribution of receipts from horse races in the Philippines. It stipulates that 87.5% of total wager funds from regular races will be divided as dividends for winning horse holders, while 6.5% is allocated as the commission for race organizers, and 5.5% for stakes and bonuses for jockeys. For daily-double and llave races, the distribution is slightly adjusted, with 85% going to the winning combination holders. Additionally, a special fund of 0.5% is created for the Games and Amusements Board, with any excess at year-end allocated to the Bureau of Animal Industry for horse-breeding promotion. The Act took effect upon approval.
- What type of law is Republic Act No. 1933?
- Amendment to R.A. No. 309, as amended Re: Distribution of Horse Race Receipts (Republic Act No. 1933) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Amendment to R.A. No. 309, as amended Re: Distribution of Horse Race Receipts enacted?
- Amendment to R.A. No. 309, as amended Re: Distribution of Horse Race Receipts (Republic Act No. 1933) was enacted on Jun 22, 1957.
- What is the citation for Amendment to R.A. No. 309, as amended Re: Distribution of Horse Race Receipts?
- Amendment to R.A. No. 309, as amended Re: Distribution of Horse Race Receipts, Republic Act No. 1933, Jun 22, 1957 (Philippines)
Law Information
- Reference Number
- Republic Act No. 1933
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 22, 1957
REPUBLIC ACT NO. 1933
AN ACT FURTHER AMENDING SECTION NINETEEN OF REPUBLIC ACT NUMBERED THREE HUNDRED NINE, AS AMENDED, SO AS TO PROVIDE FOR A MORE EQUITABLE DISTRIBUTION OF RECEIPTS IN HORSE RACES
SECTION 1. Section nineteen of Republic Act Numbered Three hundred nine, as amended, is further amended to read as follows: cdt
"Sec. 19. Distribution of receipts. — The total wager funds or gross receipts from the sale of pari-mutuel tickets shall be apportioned as follows: eighty-seven and one-half per centum shall be distributed in the form of dividends among the holders of win, place and show horses, as the case may be, in the regular races; six and one-half per centum shall be set aside as the commission of the person, racetrack, racing club, or any other entity conducting the races; five and one-half per centum shall be set aside for the payment of stakes or prizes for win, place and show horses and authorized bonuses for jockeys; and one-half per centum shall be paid to a special fund to be used by the Games and Amusements Board to cover its expenses and such other purposes authorized under this Act. In the case of daily-double and llave races, the gross receipts derived from the total sale of tickets for said races shall be apportioned in the following manner: eighty-five per centum shall be distributed in the form of dividends among the holders of the winning combination of horses, that is, the two horses that won first place in the two races in the case of the daily-double, and among the holders of the winning combination of horses, that is, the two horses that won first and second place, or either way, in the case of the llave; eight and one-half per centum shall be set aside as the commission of the person, racetrack, racing club, or any other entity holding the horse races; six per centum for the payment of stakes or prizes for win, place and show horses; and one-half per centum as a special fund to be used by the Games and Amusements Board to cover its expenses and such other purposes authorized under this Act. Any unexpended balance of this special fund at the end of each year in excess of ten thousand pesos shall be turned over to the Bureau of Animal Industry to be used by the latter exclusively for the promotion of horse-breeding in the Philippines." aisa dc
SECTION 2. This Act shall take effect upon its approval.
Approved: June 22, 1957
Published in the Official Gazette, Vol. 53, No. 20, p. 6942 on October 31, 1957
Cite This Law
Amendment to R.A. No. 309, as amended Re: Distribution of Horse Race Receipts, Republic Act No. 1933, Jun 22, 1957 (Philippines)
Amendment to R.A. No. 309, as amended Re: Distribution of Horse Race Receipts, Republic Act No. 1933 (Phil. 1957)
Related Laws
- Amendment to R.A. No. 309 Re: Distribution of Horse Racing ReceiptsRepublic Act No. 6115 • Aug 4, 1969 • Statutes
- Amendment to R.A. No. 309 (Horse-Racing Regulation Act)Republic Act No. 474 • Jun 9, 1950 • Statutes
- Amendment to R.A. No. 309 Re: Horse Racing DaysRepublic Act No. 2325 • Jun 19, 1959 • Statutes
- Horse-Racing Regulation ActRepublic Act No. 309 • Jun 18, 1948 • Statutes
- Grant of Franchise to Starland Racing Corp. (Racetrack for Horse Racing)Republic Act No. 8511 • Feb 13, 1998 • Statutes
- Amendment to R.A. No. 309 Re: Record of Horse-Racing Tickets SoldRepublic Act No. 332 • Jul 15, 1948 • Statutes
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