13 Miss. Code. R. § 9-4.10 - Payment on wagers

(a) Payment of wagers will be made only on presentation of appropriate pari-mutuel tickets. Any claim by a bettor that a wrong ticket has been delivered to him at the mutuel ticket window must be made before leaving the window, and thereafter no such claim may be considered.

(b) A licensee shall cash all valid unmutilated winning tickets when such tickets are presented for payment during the course of the day when sold and for the period of at least 30 days thereafter. Subsequent thereto, the licensee shall have no liability relating to such tickets, providing the premises are conspicuously posted with signs stating that winning tickets must be presented for payment within 30 days from date of issuance (or longer period if chosen by the licensee), and that each ticket issued shall also bear a similar notation

(c) The licensee shall have no obligation or liability for tickets thrown away, lost, changed, destroyed, or mutilated beyond identification. In the case of mutilated tickets when the portions of the tickets presented are sufficient to definitely identify the ticket as a winning ticket, the licensee may accept the mutilated ticket and make payment without the necessity of the ticket holder submitting a claim to the commission.

(d) In the event of a dispute over the validity of a ticket, the licensee may accept from the holder of such ticket a written and verified claim to be filed by the licensee with the commission, and the commission will render a decision as to payment.

(e) Every licensee shall carry on its books an account which shows the total payoff amount of outstanding unredeemed mutuel tickets representing winning tickets not presented for payment.

(f) A payoff shall not be less than the amount wagered.

(g) The entire loss resulting from a minus pool shall be borne by the licensee.

(h) Any error made in posting on the tote board of the payoff prices shall be promptly corrected, and the public immediately advised of the correction.

(i) If an error occurs in payment upon tickets cashed or entitled to be cashed, and as a result the pool involved is not correctly distributed among the winning ticket holders, the following shall apply:

1. The licensee shall bear the cost of any overpayment.

2. In the event of under-payment:

i. The licensee shall accept timely claims, pay each claim, or a part thereof, which it determines to be valid; notice shall be given to any claimant whose claim is rejected.

ii. Any person whose claim is rejected by the licensee may, within 30 days from the date notice of rejection is received, request the commission to determine the validity of the claim. The failure to file such request with the commission within 30 days shall constitute a waiver of the claim, provided the claimant has received notice of a right of appeal to the commission.

iii. A hearing before the commission shall be held on each claim timely filed, and the commission may determine a claim to be valid, in whole or in part, and thereafter order the licensee to make payment accordingly.

iv. Claims not filed with the licensee within 30 days inclusive of the date on which the under-payment was discovered shall be deemed waived, and the licensee shall have no further liability therefor.

Notes

13 Miss. Code. R. § 9-4.10

Miss. Code Ann. § 75-76-89.

Adopted 7/22/2018