(1) With the prior approval of the
Commission, pari-mutuel wagering pools may be combined with corresponding
wagering pools in the host state, or with corresponding pools established by
one or more other jurisdictions. (ARCI c. 9 i.c.w. sec. B(1))
(2) The Commission may permit adjustment of
the take-out from the pari-mutuel pool so that the take-out rate in this
jurisdiction is identical to that at the host track, or identical to that of
other jurisdictions participating in a merged pool. (ARCI c. 9 i.c.w. sec.
B(2))
(3) Rules established in the
state of the host association designated for a pari - mutuel pool shall apply.
(ARCI c. 9 i.c.w. sec. B(4))
(4)
The Commission shall approve agreements made between the association and other
participants in interstate common pools governing the distribution of breakage
between the jurisdictions. (ARCI c. 9 i.c.w. sec. B(5))
(5) If for any reason, it becomes impossible
to successfully merge the bets placed at the guest track into the interstate
common pool at the host track, the guest track will pay all winning tickets the
posted price sat the host track. After deducting appropriate take-out rates as
required under M.G.L. c. 128C of the statutory 19% and 26% take - out rates.
(ARCI c. 9 i.c.w. sec. B(6))
(6)
Each association shall maintain accurate and detailed records of all individual
instances where the posted price at the host track is paid when the customers
bet is not successfully merged into the interstate common pool at the host
track. These records will accurately indicate a surplus or deficit for each and
every pool involved. A copy of this report will be filed with the Commission
representative at the track after each and every instance. On a daily basis a
cumulative report, showing the up to date surplus or deficit, will be filed
with the Commission representative at the track.
The association will retain possession of any surplus funds for
the duration of the calendar year. The association may use any surplus to
offset any deficit realized during the calendar year.
If at the end of the calendar year the association shows a
surplus in this account, the entire amount of this surplus will be paid to
defer operational cost of the Commission for simulcast events. If at the end of
the calendar year the association shows a deficit in this account, there shall
be no payment.
On the first day of January of the next calendar year the
association shall start this account with a zero balance, regardless of whether
the association ended the previous year with a surplus or a deficit.
Under the terms of
205 CMR 7.00 the association
must pay the posted prices at the host track. The association may not create
their own pool and the association may not refund these pools but must pay the
posted prices at the host track.
(7) If the association accepts bets as a
guest track on a pool that does not exist at a host track, the guest track will
refund those bets. The association will not create their own pool.
(8) The guest track may only accept bets on
pools that are offered on the host tracks betting menu. The guest track is not
obligated to accept bets on all pools offered by the host track. The guest
track may not accept bets on pools not offered by the host tracks. However, the
guest track may create new pools on events of national significance with the
permission of the Commission.
(9)
Guest tracks may, at their option, issue a check for any winnings exceeding
$5,000.00.
(10) 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 and when in conformity
with M.G.L. c. 128C. (ARCI c. 9 i.c.w. sec. B(3))
