205 Mass. Reg. 6.07

Current through Register 1523, June 7, 2024
Section 6.07 - Payment for Errors
(1) If an error occurs in the payment amounts for pari-mutuel wagers which are cashed or entitled to be cashed; and as a result of such error the pari-mutuel pool involved in the error is not correctly distributed among winning ticket holders, the following shall apply: (ARCI c. 9 g.p. § G)
(2) Verification is required to show that the amount of the commission, the amount in breakage, and the amount in payoffs is equal to the total gross pool. If the amount of the pool is more than the amount used to calculate the payoff, the underpayment shall be given to the Commission to defray operational costs. If underpayments are discovered after the close of the meeting, the underpayment shall be given to the Commission to defray any and all operational costs. (ARCI c. 9 g.p. § G(1))
(3) In the event the error results in an overpayment to winning wagers, the association shall be responsible for such payment. (ARCI c. 9 g.p. § G(3))

205 CMR 6.07