Pennsylvania Code
Title 58 - RECREATION
Part IV - Horse Racing Commission
Chapter 173 - COMMON POOL WAGERING
Section 173.3 - Application for permission to establish a common pari-mutuel pool

Universal Citation: 58 PA Code ยง 173.3

Current through Register Vol. 54, No. 12, March 23, 2024

(a) A licensed corporation may apply to the Commission for permission to establish a common pari-mutuel pool.

(b) An application for permission to establish a common pari-mutuel pool shall be submitted to the Commission at least 30 days prior to the commencement of wagering into the common pari-mutuel pool. The Commission may accept an application filed less than 30 days prior to the commencement of wagering for good cause shown.

(c) An application for permission to establish a common pari-mutuel pool shall be in a form prescribed by the Commission and shall contain the following:

(1) The name of the licensed corporation requesting permission to establish the common pari-mutuel pool.

(2) The name, date and jurisdiction of the racetrack conducting the race on which wagers will be accepted for inclusion into the common pari-mutuel pool.

(3) The name and licensing jurisdiction of each entity that will be accepting wagers for inclusion into the common pari-mutuel pool.

(4) A copy of the agreement for the simulcast of the race on which wagers will be accepted for inclusion into the common pari-mutuel pool.

(5) A copy of the agreement among the entities establishing the common pari-mutuel pool.

(6) A copy of the procedures established for administration of the common pari-mutuel pool.

(7) A copy of approvals required under the Interstate Horseracing Act of 1978 (15 U.S.C.A. §§ 3001-3007).

(8) The minimum amount of a wager which will be accepted for inclusion in the common pari-mutuel pool.

(9) The retention rate to be applied to amounts wagered in this Commonwealth for inclusion in the common pari-mutuel pool.

(10) The retention rate to be applied to amounts wagered in each jurisdiction other than the Commonwealth for inclusion in the common pari-mutuel pool.

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