Totalisator Law and Legal Definition

Totalisator is referred to a pari-mutuel machine or a computer that records bets and divides the total amount of bet among winners. It is an automated system of betting on races that dispenses and records betting tickets, calculates and displays odds and payoffs. It also provides for cashing winning tickets by which the winning bettors share the total amount bet after decucting a percentage for the operators of the system, taxes and the like.

Following is an example of a state statute [Fla. Stat. � 550.002 (36) (Florida)] defining the term Totalisator :

"Totalisator" means the computer system used to accumulate wagers, record sales, calculate payoffs, and display wagering data on a display device that is located at a pari-mutuel facility.