Or. Admin. Code § 462-200-0410 - Guest State Participation in Interstate Common Pools
(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.
(2) The commission may permit adjustment of
the takeout from the pari-mutuel pool so that the takeout rate in this
jurisdiction is identical to that at the host track, or identical to that of
other jurisdictions participating in a merged pool.
(3) 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.
(4) Rules established in the state of the
host race meet licensee designated for a pari-mutuel pool shall
apply.
(5) The commission shall
approve agreements made between the race meet licensee and other participants
in interstate common pools governing the distribution of breakage between the
jurisdictions.
(6) If, for any
reason, it becomes impossible to successfully merge the bets placed into the
interstate common pool, the race meet licensee shall declare such accepted bets
void and make refunds in accordance with the applicable rules. If the race meet
licensee decides not to apply the refund rule, then they may either pay
on-track prices or pay off at the host track prices. If either of these payoffs
are used, it must be determined prior to the first day of racing and used
consistently throughout the race meet. A statement for the rule the race meet
licensee is enforcing shall be included on all racing programs with which the
licensee is common pooling.
Notes
Stat. Auth.: ORS 462.700 & ORS 462.720
Stats. Implemented: ORS 462.720
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