Section 720.50 - Place and manner of conducting pari-mutuel wagering at racetrack enclosure(a)Wagering location.--A licensed racing entity shall provide a location during a horse race meeting within the racetrack enclosure where the licensed racing entity shall operate the pari-mutuel system of wagering by its patrons on the results of horse races held at the racetrack or televised to the racetrack enclosure by simulcasting under section 2829-D. The licensed racing entity shall erect a sign or board compatible with the totalisator systems which shall display all of the following: (1) The approximate straight odds on each horse in any race.(2) The value of a winning mutuel ticket, straight, place or show on the first three horses in the race.(3) The elapsed time of the race.(4) The value of a winning daily double ticket, if a daily double is conducted, and any other information that the commission deems necessary to inform the general public.(b)Equipment.--The commission may test and examine the equipment to be used for the display of the information under subsection (a).(c)Electronic wagering system.--In addition to other forms of live wagering, including cash at a window teller, a licensed racing entity may operate an electronic wagering system on horse racing in accordance with all of the following: (1) Messages to place wagers shall be to a place within the racetrack enclosure.(2) Money used to place wagers under this subsection shall be on deposit in an amount sufficient to cover the wager at the racetrack where the account is opened.(c.1)Regulations.--The commission may promulgate regulations necessary to regulate electronic wagering for horse racing.(d)Taxation.--Money wagered as a result of electronic wagering shall be included in the amount wagered each racing day for purposes of taxation under section 2834-D and shall be included in the same pari-mutuel pools for each posted race. Electronic wagering systems shall be operated by the licensed racing entity, secondary pari-mutuel organization or by a duly licensed racing vendor.(e)Conditions.--A licensed racing entity shall only accept and tabulate a wager by a direct request via electronic media from the holder of an electronic wagering account. Only the holder of the electronic wagering account shall place a wager.(f)Primary market area.-- (1) A licensed racing entity or secondary pari-mutuel organization may not accept a wager or establish electronic wagering or advanced deposit account wagering for any person located in the primary market area of a racetrack, other than the racetrack at which the licensed racing entity is conducting a horse race meeting.(2) Nothing in this subsection shall be construed to prohibit a licensed racing entity from accepting a wager from or establishing an electronic wagering account for any person located in the primary market area of the racetrack where the licensed racing entity is conducting a horse race meeting. If two tracks share the primary market area, both racetracks shall have equal rights to the market in the shared area.Added by P.L. TBD 2016 No. 7, § 4, eff. 2/23/2016.