Receiving money for betting
92 Receiving money for betting
An occupier of a house, office, room, or place used for any of the purposes mentioned in section 90 must not receive, directly or indirectly, any money or valuable thing as a deposit on any bet on the happening of any event or contingency of or relating to any race, fight, game, sport, or exercise, or as or for the consideration for any assurance, undertaking, promise, or agreement, express or implied, to pay or give any money or valuable thing on any such event or contingency. Maximum penalty: Maximum penalty: $20 000 or imprisonment for 1 year.
A person must not, on the receipt of any money or valuable thing so paid or given as referred to in subsection (1), give any acknowledgment, note, security, or draft purporting or intending to entitle any other person to receive any money or valuable thing on the happening of any such event or contingency as referred to in subsection (1). Maximum penalty: Maximum penalty: $20 000 or imprisonment for 1 year.
Any money or valuable thing received by any such person referred to in subsection (1) or (2) as a deposit on any bet, or as or for the consideration for any such assurance, undertaking, promise, or agreement, as referred to in subsection (1) or (2), will be deemed to have been received to or for the use of the person from whom it was received, and that money or valuable thing, or the value of that money or thing, may be recovered accordingly, with full costs, in any court of competent jurisdiction.
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