Ariz. Admin. Code § R19-2-420 - Interstate Common Pool Wagering
A.
General provisions.
1. All contracts
governing participation by a racetrack permittee in interstate common pools
shall be submitted to the Department. All parties to the contracts shall
certify to the other parties that each will provide the others or their
regulatory bodies full and prompt access to necessary requested
records.
2. Individual wagering
transactions are made at the point of sale in the state where placed.
Pari-mutuel pools are combined solely for computing odds and calculating
payoffs but will be held separate for auditing and all other
purposes.
3. 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 information permitted or required to be displayed under
these rules.
4. A racetrack
permittee may participate in common pool wagering only on the same type of
racing as authorized by the permit for live racing conducted by the racetrack
permittee.
B.
Participation in interstate common pools by receiving racetrack permittee.
1. With prior approval of the Department,
pari-mutuel wagering pools may be combined with corresponding wagering pools at
the sending facility outside of this state.
2. The Department may permit adjustment of
the takeout from the pari-mutuel pool so the takeout rate in this jurisdiction
is identical to that at the sending track (within the limits permitted by state
law).
3. Where takeout rates in the
merged pool are not identical, the net price calculation shall be the method by
which the differing takeout rates are applied.
4. Rules of racing established for the
contest in the sending track apply to the merged pool.
5. If, for any reason, it becomes impossible
to merge successfully the bets placed into the interstate common pool, the
racetrack permittee shall declare the accepted bets void and make refunds in
accordance with applicable rules except that, with permission of the
Department, the racetrack permittee may determine to make payoffs in accordance
with payoff prices that would have been in effect if prices for the pool of
bets were calculated without regard to wagers placed elsewhere or pay winning
tickets at the payoff prices at the sending track. The permittee shall publish
the chosen policy under this subsection in the daily racing program and on the
permittee's web site and post the policy in all wagering locations.
C. Participation in merged pools
by sending racetrack permittee.
1. With prior
approval of the Department, a racetrack permittee conducting a live race meet
and pari-mutuel wagering may determine that all or part of the racing program
be used for pari-mutuel wagering by sending all or part of the racing program
to facilities outside this state and may also determine that pari-mutuel pools
at the out-of-state facilities be combined with corresponding wagering pools
established by the permittee as the sending track.
2. This Chapter applies to interstate common
pools unless the Department specifically determines otherwise.
3. A racetrack permittee shall ensure that
any contract for interstate common pools entered contains a provision providing
that if, for any reason, it becomes impossible to merge successfully the bets
placed in another state into the interstate common pool formed by the racetrack
permittee or if, for any reason, the Department's or the racetrack permittee's
representative determines that attempting to effect transfer of pool data from
the receiving facility may endanger the racetrack permittee's wagering pool,
the racetrack permittee has no liability for any measures taken that may result
in the receiving facility's wagers not being accepted into the pool.
4. Amounts wagered in an interstate common
pool other than amounts wagered within this state are not considered part of
the racetrack permittee's pari-mutuel wagering pool for purposes of A.R.S.
§
5-111.
A racetrack permittee may charge a fee to a receiving facility or location
outside this state for the privilege of conducting pari-mutuel wagering on a
race and participating in the interstate common pool and for payment of costs
incurred to transmit the broadcast of the race.
D. Takeout rates in interstate common pools.
With prior approval of the Department, a racetrack permittee wishing to
participate in an interstate common pool may change its takeout rate (within
the limits permitted by state law) to achieve a common pool takeout rate with
all other participants in the interstate common pool.
Notes
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