Pari-Mutuel Tax

Who is responsible for this tax?

The racetrack pays tax on the amount of money wagered on horse and greyhound racing (includes simulcast).

Rates

Horse and Greyhound

The tax rate for each race is …	When the total amount wagered for races in a calendar year is …
1 percent	More than $100 million but less than $200 million
2 percent	More than $200 million but less than $300 million
3 percent	More than $300 million but less than $400 million
4 percent	More than $400 million but less than $500 million
5 percent	More than $500 million

Simulcast

The tax rate is …	If the simulcast is of …
1 percent	Horse races at horse racetracks OR greyhound races at greyhound racetracks
1.25 percent	Horse races at greyhound racetracks OR greyhound races at horse racetracks

Due Date

The Comptroller's office must receive reports by the end of the next business day following a race.

Penalties and Interest

Penalties

• If tax is paid 1-30 days after the due date, a 5 percent penalty is assessed.
• If tax is paid over 30 days after the due date, a 10 percent penalty is assessed.

Interest

• Past due taxes are charged interest beginning 61 days after the due date.
• To calculate interest on past due taxes, visit Interest Owed and Earned.

Electronic Reporting

No.