SECTION 325:65-7-4. Takeout rates in interjurisdiction common pools

(a)   With the prior approval of the Commission, an organization licensee wishing to participate in an interjurisdiction common pool may change its takeout rate (within the limits permitted by jurisdiction law) so as to achieve a common takeout rate with all other participants in the interjurisdiction common pool.

(b)   An organization licensee wishing to participate in an interjurisdiction common pool may request that the Commission approve a methodology whereby host and guest jurisdictions with different takeout rates for corresponding pari-mutuel pools may effectively and equitably combine wagers from the different jurisdictions into an interjurisdiction common pool.

[Source: Added at 9 Ok Reg 3201, eff 6-30-92 (emergency); Added at 10 Ok Reg 3569, eff 7-12-93; Amended at 14 Ok Reg 2935, eff 7-11-97]