La. Admin. Code tit. 35 § XV-12703
Current through Register Vol. 50, No. 9, September 20, 2024
Section XV-12703 - General ProvisionsA. All contracts governing participation in interstate common pools shall be submitted to the commission for its approval.B. Individual pari-mutuel wagering transactions are made at the point of sale in the state where placed. Pari-mutuel pools are combined for computing odds and calculating payoffs and breakage, but shall be maintained separately for auditing and all other purposes.C. Any surcharges or withholdings on or from pari-mutuel pools, in addition to the takeout, shall be applied only in the jurisdiction imposing such surcharges or withholdings.D. In determining whether to approve an interstate common pool which does not include the pari-mutuel pool of the host track, the commission shall consider and may approve:1. use of a type of wager which is not utilized at the host track;2. application of a takeout rate not in effect at the host track; or3. such other factors which are provided to the commission.E. The content and format of the visual display of racing and wagering information at facilities in other states where wagering is permitted in the interstate common pool, need not be identical to similar information permitted or required to be displayed in this state.La. Admin. Code tit. 35, § XV-12703
Promulgated by the Department of Economic Development, Racing Commission, LR 17:259 (March 1991).AUTHORITY NOTE: Promulgated in accordance with R.S. 4:141, R.S. 4:148 and R.S. 4:211-227.