Kan. Admin. Regs. § 112-9-11a - General provisions
(a) Each parimutuel
wagering pool shall be independently calculated and distributed. The takeout
shall be deducted from each gross pool as authorized by law. The remaining
monies in the pool shall constitute the net pool for distribution as payoff on
winning wagers.
(b) For each
wagering pool, the amount wagered on the winning betting interest or betting
combinations shall be deducted from the net pool to determine the profit. The
profit then shall be divided by the amount wagered on the winning betting
interest or combinations, the quotient being the profit per dollar.
(c) The standard or the net price calculation
procedure shall be used to calculate single commission pools, but only the net
price calculation procedure shall be used to calculate multi-commission pools.
(d) If a profit split results in
only one covered winning betting interest or combinations it shall be
calculated the same as a single price pool.
(e) Minimum payoffs and the method used for
calculating breakage shall be established by the commission.
Notes
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