S.D. Admin. R. 20:04:30:96

Current through Register Vol. 50, page 159, June 17, 2024
Section 20:04:30:96 - Division of twin trifecta wagers into pools - Maximum limit on jackpot pool

After the wagering closes for the first half of the twin trifecta, the commissions shall be deducted from the twin trifecta pool. The remaining money shall be divided into two separate pools of equal amounts. The first part of the twin trifecta pool is one-half of the net distributable money wagered on the twin trifecta of the current performance only. It does not include carryover from any previous performance.

The second part of the twin trifecta pool, called the jackpot pool, is a cumulative pool that contains one-half of the net distributable money wagered on the twin trifecta of the current performance plus any undistributed jackpot pools from previous performances up to a maximum value set by the commission. If the maximum set by the commission is reached during wagering on the twin trifecta, the wagering may continue; but the jackpot pool may exceed the maximum value set by the commission only by one-half the amount of the net pool wagered in that performance on the twin trifecta.

S.D. Admin. R. 20:04:30:96

14 SDR 126, effective 4/3/1988.

General Authority: SDCL 42-7-56.

Law Implemented: SDCL 42-7-56.

Distribution of jackpot pool -- Accumulation of pool, § 20:04:30:102.