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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 325. Oklahoma Horse Racing Commission |
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Chapter 65. Pari-Mutuel Wagering |
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Subchapter 7. Interjurisdiction Common Pool Wagering |
SECTION 325:65-7-2. Guest jurisdiction participation in interjurisdiction common pools
Latest version.
- (a) With the prior approval of the Commission, pari-mutuel wagering pools may be combined with corresponding wagering pools in the host jurisdiction, or with corresponding pools established by one or more other jurisdictions.(b) 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.(c) 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.(d) Rules established in the jurisdiction of the host organization licensee designated for a pari-mutuel pool shall apply.(e) The Commission shall approve agreements made between the organization licensee and other participants in interjurisdiction common pools governing the distribution of breakage between the jurisdictions(f) If, for any reason, it becomes impossible to successfully merge the bets placed into the interjurisdiction common pool, the organization licensee shall make payoffs in accordance with payoff prices that would have been in effect if prices for the pool of bets were calculated without regard to wagers placed elsewhere; except that, with permission of the Commission, the organization licensee may alternatively determine to either pay winning tickets at the payoff prices at the host track, or declare such accepted bets void and make refunds in accordance with the applicable rules.