Louisiana Administrative Code
Title 35 - HORSE RACING
Part XIII - Wagering
Chapter 103 - Pari-Mutuels
Section XIII-10367 - Method of Payments
Universal Citation: LA Admin Code XIII-10367
Current through Register Vol. 50, No. 3, March 20, 2024
A. Payments due on all wagers shall be made in conformity with the well-established practice of the pari-mutuel system. Money wagered on winning tickets is returned in full plus the profits. The practice is to work in dollars and not in number of tickets. The break permitted by law is deducted in all of the calculations which are necessary to arrive at the payoff prices, i.e., the odd cents over any multiple of $0.10 of winnings per dollar wagered, except in the case of a minus pool, as provided in §10365.
AUTHORITY NOTE: Promulgated in accordance with R.S. 4:149, R.S. 4:166 and R.S. 4:166.3.
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