Idaho Admin. Code r. 11.04.01.911

Current through September 2, 2024
Section 11.04.01.911 - NET POOL PRICING
01.Takeout Rates. If takeout rates are not the same for all jurisdictions and net pool pricing is utilized, the contract must specify net pool pricing.
a. Individual wagering transactions are deemed to be made at the point of sale in the state where placed unless otherwise specified by statute or court ruling.
b. Any surcharges or withholdings in addition to the takeout may only be applied in the jurisdiction otherwise imposing such surcharges or withholdings.
c. In determining whether to approve an interstate common pool which does not include the host track or which includes races from more than one racing association, the Racing Commission will consider and may approve use of a bet type which is not utilized at the host association, application of a takeout rate not in effect at the live event track, or other factors which are presented to the Racing Commission.
d. The content and format of the visual display of racing and wagering information at facilities in other jurisdictions where wagering is permitted in the interstate common pool need not be identical to the similar information permitted or required to be displayed under these rules.
02.Guest Participation in Interstate Common Pools.
a. The Racing Commission may approve a takeout from the pari-mutuel pools identical to that of other jurisdictions participating in a merged pool.
b. Rules, Live as established in the host state will apply to the merged pool.
c. The simulcast operator must designate which one of the following procedures it will use if it becomes impossible to successfully merge the corresponding pools into the interstate common pool, and publish their designated procedure in the printed program:
i. Compute payouts in accordance with payout prices that would have been in effect if prices for the pool of bets were calculated without regard to wagers placed elsewhere; or
ii. With permission of the Racing Commission, pay winning tickets at the payout prices at the host track; or
iii. Declare such accepted bets void and make refunds in accordance with the applicable rules.

Idaho Admin. Code r. 11.04.01.911

Effective July 1, 2024