15-U.S.C.-3005
§3005 – Liability and Damages
Pathway
Title 15 > Chapter 57 > Section 3005
Details
- Reference: Section 3005
- Legend: §3005 – Liability and Damages
- USCode Year: 2013
Provision Content
Any person accepting any interstate off-track wager in violation of this chapter shall be civilly liable for damages to the host State, the host racing association and the horsemens group. Damages for each violation shall be based on the total of off-track wagers as follows:
(1) If the interstate off-track wager was of a type accepted at the host racing association, damages shall be in an amount equal to that portion of the takeout which would have been distributed to the host State, host racing association and the horsemens group, as if each such interstate off-track wager had been placed at the host racing association.
(2) If such interstate off-track wager was of a type not accepted at the host racing association, the amount of damages shall be determined at the rate of takeout prevailing at the off-track betting system for that type of wager and shall be distributed according to the same formulas as in paragraph (1) above.
(Pub. L. 95–515, §6, Oct. 25, 1978, 92 Stat. 1814.)
U.S. Encyclopedia of Law Coverage
15-U.S.C.-2937 in the Legal Encyclopedia: Trade Law
In this entry about 15-U.S.C.-2937, find legal reference material, bibliographies and premiere content related to trade law in the American Encyclopedia of Law, presenting a comprehensive view of the United States trade law-specific issues, written by authorities in the field.
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