Or. Admin. Code § 462-200-0645 - Pick (n) Jackpot
(1) The Pick (n)
Jackpot is a type of bet encompassing four or more races, the exact number of
races being determined by the number substituted for (n), where, unless
otherwise provided, only one, unique ticket holder designates the official
winners in each of the Pick (n) Jackpot races.
(2) Except as provided in ¦(7) of this
regulation, the net pari-mutuel pool for the Pick (n) Jackpot bet that day,
together with any carryover from previous pools of the same type of bet, shall
be distributed to the holder of the one, unique pari-mutuel ticket which
correctly designates the official winners in each of the Pick (n) Jackpot races
for that day.
(3) In the event
there is more than one pari-mutuel ticket which correctly designates the
official winners in each of the Pick (n) Jackpot races for that day, the net
pari-mutuel pool for the Pick (n) Jackpot bets that day shall be distributed:
(a) 60%, equally, to the holders of
pari-mutuel tickets which correctly designate the official winners in each of
the Pick (n) Jackpot races for that day; and
(b) 40% to the Pick (n) Jackpot carryover
pool.
(4) In the event
there is no pari-mutuel ticket which correctly designates the official winners
in each of the Pick (n) Jackpot races for that day, the net pari-mutuel pool
for the Pick (n) Jackpot bets that day shall be distributed:
(a) 60%, equally, to the holders of
pari-mutuel tickets which correctly designate the most official winners in each
of the Pick (n) Jackpot races for that day; and
(b) 40% to the Pick (n) Jackpot carryover
pool.
(5) If one or more
of the races scheduled as part of the Pick (n) Jackpot bet, but less than 50
percent of the races scheduled as part of this bet, are cancelled or declared a
"no contest":
(a) The net pari-mutuel pool
for the Pick (n) Jackpot bets that day shall be distributed, equally, to the
holders of pari-mutuel tickets which correctly designate the most official
winners in the races that were run; and
(b) There shall be no carryover from that net
pool.
(6) A Pick (n)
Jackpot bet shall be refunded if:
(a) For any
reason, 50 percent or more of the races scheduled as a part of this bet are
cancelled or declared a "no contest"; or
(b) No bet selects any winner in the Pick (n)
Jackpot races.
(7)
Mandatory Distribution
(a) The Pick (n)
Jackpot carryover pool may be designated for mandatory distribution on a
specified date if:
(A) It is the closing day
of the race meet;
(B) The
association declares its intention to do so at least 72 hours before the
opening of Pick (n) Jackpot wagering for which there is to be a mandatory
distribution; or
(C) Upon such
other condition the Commission may approve.
(b) If the Pick (n) Jackpot carryover pool is
designated for a mandatory distribution on a specified date and, on that date,
there is no unique winning ticket holder under ¦(2) of this regulation,
then the following precedence shall be followed in determining winning wagers
for the mandatory distribution of both the net Pick (n) Jackpot pool for that
day and the Pick (n) Jackpot carryover pool:
(A) Equally to holders of pari-mutuel tickets
which correctly designate all of the official winners in each of the Pick (n)
Jackpot races;
(B) If there are no
pari-mutuel tickets which correctly select all of the official winners in each
of the Pick (n) Jackpot races, equally to the holders of pari-mutuel tickets
which correctly designate the most official winners in each of the Pick (n)
Jackpot races for that day; and
(C)
If there are no pari-mutuel tickets which correctly select even one winner in
the Pick (n) Jackpot races for that day, then all Pick (n) Jackpot wagers shall
become winners and share 100% of that day's net Pick (n) Jackpot pool, together
with the Pick (n) Jackpot carryover pool.
(c) If, for any reason, there is not a
mandatory distribution as provided in this section, the Pick (n) Jackpot
carryover pool shall be:
(A) Deposited in a
segregated interest bearing account at a bank located in the State of Oregon
that is approved by the Commission;
(B) With accrued interest, added to the net
Pick (n) Jackpot pool of the next race meet held by the racing association; and
(C) Distributed as a mandatory
distribution on the next occasion Pick (n) Jackpot wagering is offered by the
racing association.
(D) In the
event the racing association does not hold another race meet the Jackpot
carryover pool with accrued interest shall be transferred to the Commission
upon the expiration of the association's license.
(8) If there is a dead heat for
win in any of the Pick (n) Jackpot races, each horse in the dead heat shall be
deemed to have won the race.
(9) If
a betting interest is scratched, excused, or determined by the judges to be a
nonstarter:
(a) The actual favorite, as
evidenced by the amounts bet in the win pool when betting on the race in which
the scratched betting interest was to participate is closed, shall be
substituted for that betting interest; or
(b) If the amount bet in the win pool is
identical on two or more favorites when betting on the race is closed, the
favorite with the lowest program number shall be substituted for the scratched
betting interest.
(10)
Coupled entries shall be permitted in races designated for Pick (n) Jackpot
wagering.
(11) The purchase and
acceptance of a Pick (n) Jackpot wager by a bettor shall constitute:
(a) An acknowledgment of the correctness of
the ticket; and
(b) An agreement to
be bound by the terms and provisions of this regulation.
(12) The sale of a Pick (n) Jackpot wager
other than from a pari-mutuel wagering machine, and the re-sale of a Pick (n)
Jackpot ticket from one person to another, is prohibited.
(13) Neither a racing association, nor a
totalizator company, nor the Commission, nor the State shall be liable to any
person for a Pick (n) Jackpot ticket which is not:
(a) A winning wager in accordance with the
provisions of this regulation; or
(b) Delivered, for any reason, including:
(A) A mechanical malfunction;
(B) An electrical failure; or
(C) A machine locking.
(14) This regulation shall be
displayed prominently in the betting area of the racing association conducting
Pick (n) Jackpot wagering.
Notes
Stat. Auth.: ORS 462.270(3)
Stats. Implemented: ORS 462.270(3)
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.