La. Admin. Code tit. 35 § XV-12707

Current through Register Vol. 50, No. 8, August 20, 2024

Section XV-12707 - Host State Participation in Merged Pools

A. With the prior approval of the commission, a licensee may determine that one or more of its races be utilized for pari-mutuel wagering at a guest track, and may also determine that pari-mutuel pools in guest states be combined with:

1. comparable wagering pools established by it as the host track; or

2. comparable wagering pools established by two or more states.

B. Where takeout rates in the merged pool are not identical, the commission shall approve the method by which the differing takeout rates shall be applied.

C.Rules of Racing of this state shall also apply to interstate common pools unless the commission shall have specifically determined otherwise.

D.Rules of Racing governing breakage in this state may be waived by the commission as to wagers in interstate common pools. The commission may approve agreements between the licensee and other participants in interstate common pools governing the equitable distribution of breakage between the host and guest states, unless and to the extent otherwise provided by law.

E. Any contract for interstate common pools entered into by the licensee shall contain a provision to the effect that if for any reason it becomes impossible to successfully merge the bets placed in another state into the interstate common pool formed by the licensee, or if for any reason the commission's or the licensee's representative determines that transferring or an attempt to transfer pool data from the guest state to its interstate common pool may endanger the licensee's wagering pool, neither the commission nor the licensee shall have any liability for any action(s) taken which may result in the guest track's wagers not being accepted into the pool.

La. Admin. Code tit. 35, § XV-12707

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.