Illinois Administrative Code
Title 11 - ALCOHOL, HORSE RACING, LOTTERY, AND VIDEO GAMING
Part 301 - WIN, PLACE AND SHOW POOLS
Section 301.10 - General
Universal Citation: 11 IL Admin Code ยง 301.10
Current through Register Vol. 48, No. 12, March 22, 2024
a) All pari-mutuel pools shall be separately and independently calculated and distributed. Takeout shall be deducted from each gross pool pursuant to the Act [230 ILCS 5 ]. The remainder of the monies in the pool shall constitute the net pool for distribution as payoff on winning wagers.
b) For each wagering pool, the amount wagered on the winning betting interest or betting combinations is deducted from the pool to determine the profit; the profit is then divided by the amount wagered on the winning betting interest or combinations, such quotient being the profit per dollar.
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