Mississippi Administrative Code
Title 13 - Gaming
Part 9 - RACEBOOKS AND SPORTS POOLS
Chapter 4 - PARI-MUTUEL WAGERING
Rule 13-9-4.5 - Accounting

Universal Citation: MS Code of Rules 13-9-4.5

Current through September 24, 2024

(a) Each licensee shall prepare and maintain in a manner suitable to the commission, complete and accurate accounting records, information and data which shall be generated by an approved computer system and which reflects the following on a daily basis for each event upon which pari-mutuel wagering was held:

1. Gross amount wagered on each event;

2. Gross and net amounts of each pool;

3. Commissions deducted;

4. Tax and breakage on each pool;

5. Number and value of tickets sold on each pool;

6. Final odds;

7. Payoff prices; and

8. The amount paid on all winning pari-mutuel tickets.

(b) A daily reconciliation of all cash received and paid on each pool of each event shall be recorded along with the cash count of the money room.

(c) The gross revenue received by a licensee from pari-mutuel wagering shall be calculated and added to gross gaming revenue from other gaming operations for taxation purposes. Gross revenue includes the amount of the commission received by a licensee that is deducted from a pari-mutuel wagering pool, plus breakage and the face amount of unpaid winning tickets that remain unpaid for a period specified by the Mississippi Gaming Commission

Miss. Code Ann. §§ 75-76-45, 75-76-49 and 75-76-89.

Disclaimer: These regulations may not be the most recent version. Mississippi 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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