Prohibiting Double and Parlay Betting in Horse Racing and Taking a Fixed Rate for the Treasury from the Total Value of Wagers

Type

Decree-Law

Number

18

Date of the text

27/07/1932

Official Gazette

published in 1932

Status today

In force, amended as of 27/08/2026

Articles

5

What it provides

The decree bans horse-racing bets whose winnings do not depend on a single horse or stable in one race, caps the racecourse operator's share at 11 percent of net bets, and sets fines and imprisonment for violations.

What has changed this text

• Amended by Law No. 0/1946 of 04/02/1946
• Partly repealed by Law/1946 of 04/02/1946, articles 1

The full text

This act was published in the Lebanese Official Gazette in 1932. Its full text and the original scan are in the Gherbal National Gazette archive.