Illinois Administrative Code
Title 11 - ALCOHOL, HORSE RACING, LOTTERY, AND VIDEO GAMING
Part 300 - PARI-MUTUELS
Section 300.90 - Minimum Payoff
Universal Citation: 11 IL Admin Code ยง 300.90
Current through Register Vol. 48, No. 12, March 22, 2024
a) In the event there is insufficient money available in the net pari-mutuel pool to return $2.20 on each winning $2 wager, the minimum payoff by the organization licensee shall be $2.10.
b) In the event of a minus pool, any deficiencies shall be paid from the commission.
c) The applicable surcharges as established in the Act, imposed on winning wagers and winnings from wagers on pari-mutuel pools shall not be deducted if it would result in a minimum payoff of less than $2.10 on a $2 wager.
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