13 Miss. Code. R. 9-4.2 - Definitions
(a) "Breakage" means odd cents arising from
the computation of odds and payouts on amounts wagered on a simulcast horse
race, as determined by the law governing the sending track.
(b) "Casino simulcasting" means the
simultaneous transmission by picture of running or harness horse or greyhound
races conducted at racetracks to casino licensees and pari-mutuel wagering at
Race books operated by casino licensees on the results of those races.
(c) "Entrant" means a participant
in a race, sporting event or contest upon which a wager may be placed as to the
participants' finishing position in the event.
(d) "Entry" means two (2) or more entrants
competing in a given event and coupled because of common ties as determined by
the regulations governing racing at the sending track.
(e) "Event" means an individual race, game or
contest wherein pari-mutuel wagering is conducted upon the competing entrants.
(f) "Field" means all the entrants
in an event whose assigned numerical designation exceeds one less than the
numbering capacity of the post positions on the tote board.
(g) "Gross pool" means the total amount of
money wagered on the outcome of a particular event without any deduction
therefrom.
(h) "Licensee" means as
used herein, a person to whom a pari-mutuel wagering license has been issued by
the Mississippi Gaming Commission.
(i) "Out-of-State sending track" means a
racetrack in a jurisdiction other than the State of Mississippi which is
authorized to conduct casino simulcasting and the operator of which is lawfully
permitted to conduct a horse or greyhound race and to provide simulcast horse
or greyhound races to a casino licensee.
(j) "Pari-mutuel" means a system of wagering
on a race or sporting event whereby the winners divide the total amount bet,
after deducting commission, fees, and taxes, in proportion to the amount
individually wagered.
(k)
"Pari-mutuel machine" means a mechanical, electrical or other device which is
connected to a totalisator and which generates pari-mutuel tickets and credit
vouchers, reads pari-mutuel tickets and receives from the totalisator the
amount to be paid for winning, cancelled or refunded pari-mutuel tickets, and
reads credit vouchers and calculates the amount to be paid therefor.
(l) "Pari-mutuel ticket" means a paper ticket
or electronic transaction representing such ticket issued by a pari-mutuel
machine or a self-service pari-mutuel machine which represents a wager on a
simulcast horse race.
(m)
"Simulcast horse race" means a running or harness horse race or greyhound race
conducted at a racetrack which is simultaneously transmitted by picture to a
casino licensee.
(n) "Totalisator"
means a computer system which directly or indirectly through one or more other
totalisator systems, receives pari-mutuel wagering information, calculates
payoffs for winning pari-mutuel tickets, generates reports with respect to such
information, and automatically ceases wagering, in accordance with internal
controls, in the event that the transmission of data from a sending track has
been interrupted.
(o) "Win, place,
show" refers to the entrants respectively placing first, second and third in
the outcome of an event; also refers to the respective wagers or
pools.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.