Kan. Admin. Regs. § 112-9-43 - Capping carryover pools
The Pick (N), the twin trifecta, the tri-superfecta, and the twin superfecta carryover pools may be capped at a designated level or on a designated performance as approved by the commission. When the commission authorizes the capping of a carryover it shall select one of the following methods to govern subsequent contributions to the carryover pool:
(a) When the amount in the wager's carryover
pool equals or exceeds the designated cap at the close of any performance, the
carryover pool shall be frozen, and 100 percent of the designated contributions
to the carryover pool shall be paid out to the wager's regular pool until the
carryover pool is paid out.
(b)
Within three working days of the date when the designated cap is reached, each
organization licensee shall notify the commission or its designee of the
occurrence and specify the date it intends to force a payout of the carryover
pool, provided the capped carryover pool is not paid out prior to the specified
date. Each forced payout shall be made within ten race days after the date when
the designated cap is reached. After the designated cap is reached the
carryover pool shall continue to receive its regular contribution from all
wagers.
(c) When the designated
cap on the carryover pool is reached the organization licensee shall freeze the
carryover pool at the designated cap amount and create a new seed pool. The
seed pool shall receive and hold all contributions that would normally flow to
the carryover pool until the capped carryover pool is paid out. The carryover
pool shall be paid out under the regular procedures, or, if the organization
licensee so elects, under the forced payout procedures stated in subparagraph
(b) of this regulation. Once the capped carryover pool is paid out, the seed
pool shall become the carryover pool. If the seed pool's balance ever equals or
exceeds the designated cap the seed pool shall be frozen the same as the
carryover pool, and another seed pool shall be created.
(d) When a carryover pool is capped on a
designated performance and the designated performance date is reached, the
organization licensee shall pay out 100 percent of the contributions to the
carryover pool using one of the following methods, as directed by the
commission:
(1) to holders of tickets in
accordance with the procedures stated in K.A.R. 112-9-41a(o) for twin trifecta
wagers, K.A.R. 112-9-40a(o) for tri-superfecta wagers and K.A.R. 112-9-42(o)
for twin superfecta wagers; or,
(2) to holders of second-half winning tickets
using the following precedence:
(A) as a
single price pool to those whose combination finishes in the same sequence as
the first three betting interests for twin trifecta wagers or in the same
sequence as the first four betting interests for twin superfecta and
tri-superfecta wagers; then,
(B)
as a single price pool to holders of valid exchange tickets; then,
(C) as a single price pool to holders of
outstanding first-half winning tickets.
Notes
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