New York Codes, Rules and Regulations
Title 9 - EXECUTIVE DEPARTMENT
Subtitle T - New York State Gaming Commission
Chapter I - Division of Horse Racing and Pari-Mutuel Wagering
Subchapter B - Harness Racing
Part 4122 - PARI-MUTUEL WAGERING
Section 4122.48 - Grand Slam wager
Universal Citation: 9 NY Comp Codes Rules and Regs § 4122.48
Current through Register Vol. 47, No. 12, March 26, 2025
(a) Commission approval. An association or corporation must obtain written approval from the commission for the initial scheduling or specific performances of Grand Slam races or any other name used to characterize this bet type, and identify the pari-mutuel pool and any required distribution percentages. Changes to the approved Grand Slam format, or suspension of previously approved Grand Slam wagering, require prior written approval from the commission.
(b) Grand Slam pools.
(1) The Grand Slam requires selection of the
official first, second or third-place finisher in each of the first three races
in a series of four designated Grand Slam races in a single day. A completed
winning Grand Slam wager requires the selection of the official first place
finisher in the fourth and final event in this same series of races. The Grand
Slam wager is classified as an exotic bet and is subject to the prevailing
exotic takeout rate set forth in section 318 of the Racing Pari-Mutuel Wagering
and Breeding Law (between 20 to 30 percent of total deposits in pools resulting
from on-track exotic bets and selected by an association or corporation and
approved by the commission).
(2)
The Grand Slam pool shall be apportioned under the following method:
(i) The net Grand Slam pool shall be
distributed from a single betting pool to participants who selected the first,
second or third-place finisher in the first three races of a series of four
Grand Slam races completing a winning wager with the selection of the first
place finisher in the fourth and final Grand Slam event in this same series,
based upon the official order of finish.
(ii) If there are no winning wagers taking
into account all four segments of the Grand Slam wager, then the pool shall be
distributed as a single betting pool to those who selected the first place
finisher in the fourth and final Grand Slam event in this series of races along
with the greatest number of first, second or third-place finishes each of which
had an accompanying show pari-mutuel payout, in each of the first three races
in the series of four designated Grand Slam races. All results are based upon
the official order of finish for each race.
(3) If there is a dead heat for first in any
of the Grand Slam segments involving:
(i)
Official program numbered horses representing the same betting interest, then
the Grand Slam pool shall be distributed as if no dead heat occurred.
(ii) Official program numbered horses
representing two or more betting interests, then the Grand Slam pool shall be
distributed from a single betting pool with a winning wager including each
betting interest participating in the dead heat provided each entrant has a
pari-mutuel show payout within its race.
(4) If there is a dead heat for second and/or
third in any of the first three races in a series of four designated Grand Slam
contests involving:
(i) Horses representing
the same betting interest, then the Grand Slam pool shall be distributed as if
no dead heat occurred.
(ii) Horses
representing two or more betting interests, then the Grand Slam pool shall be
distributed from a single betting pool with a winning wager including the
betting interest which finished first or any betting interest involved in the
dead heat for second or third providing the horse has a show pari-mutuel
payout.
(5) Should a
betting interest in any of the Grand Slam contests be scratched:
(i) The actual favorite, as evidenced by
total amounts wagered in the Win pool at the host association for the contest
at the close of wagering on that contest, shall be substituted for the
scratched betting interest for all purposes, including pool calculations. In
the event that the Win pool total for two or more favorites is identical, the
substitute selection shall be the betting interest with the greatest amount of
money in the place pool. The totalisator shall produce reports showing each of
the wagering combinations with substituted betting interests that became
winners as a result of the substitution, in addition to the normal winning
combination.
(ii) Should a scratch
or scratches occur in any of the first three races in a series of four
designated Grand Slam contests and subsequently show wagering is cancelled due
to an insufficient number of remaining betting interests, this race for winning
Grand Slam wagering purposes would include the win and place horse
only.
(6) If at least
two contests included as part of a Grand Slam wager are canceled or declared
"no contest", then the Grand Slam pool shall be canceled and all Grand Slam
wagers for the individual performance shall be refunded.
(7) If at least one race included as part of
a Grand Slam wager is canceled or declared "no contest", but not more than the
number specified in paragraph (6) of this section, then the net pool shall be
distributed from a single betting pool to those bettors whose selections
finished first, second or third in the greatest number of Grand Slam contests
in the first three races in a series of four designated Grand Slam contests. In
determining a pari-mutuel distribution under this section, a finish of first in
the final and fourth designated Grand Slam contest race for the performance in
question shall have the same weight as a finish of first, second or third in
the greatest number of Grand Slam contests in the first three races in a series
of four designated Grand Slam contests.
(8) Providing information to any person
regarding covered combinations, amounts wagered on specific combinations,
number of tickets sold, or number of live tickets remaining prior to the third
segment of the wager being made official is strictly prohibited. This shall not
prohibit necessary communication between totalisator and pari-mutuel department
employees for processing of pool data.
Disclaimer: These regulations may not be the most recent version. New York 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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