Cal. Bus. & Prof. Code § 19590 : CALIFORNIA BUSINESS AND PROFESSIONS CODE — SPECIAL BUSINESS REGULATIONS — HORSE RACING — WAGERING — Adoption of rules governing, permitting, and regulating parimutuel wagering on horse races TEXT PDF The board shall adopt rules governing, permitting, and regulating parimutuel wagering on horse races under the system known as the parimutuel method of wagering. Parimutuel wagering shall be conducted only by a person or persons licensed under this chapter to conduct a horse racing meeting or authorized by the board to conduct advance deposit wagering. Ca. Bus. and Prof'l. Code § 19590 Amended by Stats 2007 ch 613 (AB 765),s 4, eff. 1/1/2008. Amended by Stats 2007 ch 613 (AB 765),s 3, eff. 1/1/2008. Amended by Stats 2005 ch 505 (AB 203),s 4, eff. 1/1/2006 Amended by Stats 2000 ch 1082 (SB 2054), s 79, eff. 1/1/2001. Amended by Stats 2001 ch 198 (AB 471), s 7, eff. 1/1/2002.