Louisiana Administrative Code
Title 35 - HORSE RACING
Part XV - Off-Track Wagering
Chapter 127 - Interstate Common Pool Wagering
Section XV-12703 - General Provisions

Universal Citation: LA Admin Code XV-12703

Current through Register Vol. 50, No. 9, September 20, 2024

A. All contracts governing participation in interstate common pools shall be submitted to the commission for its approval.

B. Individual pari-mutuel wagering transactions are made at the point of sale in the state where placed. Pari-mutuel pools are combined for computing odds and calculating payoffs and breakage, but shall be maintained separately for auditing and all other purposes.

C. Any surcharges or withholdings on or from pari-mutuel pools, in addition to the takeout, shall be applied only in the jurisdiction imposing such surcharges or withholdings.

D. In determining whether to approve an interstate common pool which does not include the pari-mutuel pool of the host track, the commission shall consider and may approve:

1. use of a type of wager which is not utilized at the host track;

2. application of a takeout rate not in effect at the host track; or

3. such other factors which are provided to the commission.

E. The content and format of the visual display of racing and wagering information at facilities in other states where wagering is permitted in the interstate common pool, need not be identical to similar information permitted or required to be displayed in this state.

AUTHORITY NOTE: Promulgated in accordance with R.S. 4:141, R.S. 4:148 and R.S. 4:211-227.

Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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