Louisiana Administrative Code
Title 35 - HORSE RACING
Part XVII - Historical Horse Racing
Chapter 131 - Wagering on Historical Horse Racing
Section XVII-13137 - Required Reports for Wagering on Historical Horse Races; Audit and Inspection by the Commission

Universal Citation: LA Admin Code XVII-13137

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

A. All systems used for pari-mutuel wagering on historical horse races shall provide financial reports for individual approved wager model configurations and total pool amounts for each pool. Reports shall be available at the end of the wagering day or upon request by the commission with information current since the end of the last wagering day. The reports shall include:

1. current values of each pari-mutuel wagering pool;

2. total amounts wagered for all pools;

3. total amounts won by patrons for all pools;

4. total commission withheld for all pools;

5. total breakage for all pools, where applicable;

6. total amount wagered at each terminal;

7. total amount won by patrons at a terminal;

8. the amount wagered on each mathematical model configuration and the amount won from each mathematical model configuration offered at a terminal;

9. total amount of each type of financial instrument inserted into a terminal;

10. total amount cashed out in voucher or handpays at a terminal; and

11. taxable win events including:
a. time and date of win;

b. wagering terminal identification number;

c. amount wagered resulting in taxable win; and

d. taxable amount won.

B. As provided in §13118, the commission or its authorized representatives may, at any time, conduct an audit or inspection of the financial reports, software, terminals, or other equipment used by a licensee in conducting operations under this Chapter.

AUTHORITY NOTE: Promulgated in accordance with R.S. 4:141, R.S. 4:142 and R.S. 4:148.

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