Wyoming Administrative Code
Agency 038 - Wyoming Gaming Commission
Sub-Agency 0001 - Pari-Mutuel
Chapter 9 - RULES FOR PARI-MUTUEL BETTING
Section 9-3 - Interstate Common Pool Wagering
Universal Citation: WY Code of Rules 9-3
Current through September 21, 2024
(a) General
(i) All contracts governing participation in
interstate common pools shall be submitted to the Commission for
approval.
(ii) Individual 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 will be held separate for auditing and all other
purposes.
(iii) Any surcharges or
withholdings in addition to the takeout shall only be applied in the
jurisdiction otherwise imposing such surcharges or withholdings.
(iv) In determining whether to approve an
interstate common pool which does not include the host track, the Commission
shall consider and may approve use of a bet type which is not utilized at the
host track, application of a takeout rate not in effect at the host track, or
other factors which are presented to the Commission.
(v) The content and format of the visual
display of racing and wagering information at facilities in other jurisdictions
where wagering is permitted in the interstate common pool need not be identical
to the similar information permitted or required to be displayed under these
rules.
(vi) In cases where host
track state wagering rules differ from guest state wagering rules, host track
state rules shall apply.
(b) Guest State Participation in Interstate Common Pools
(i) With the prior approval of
the Commission, pari-mutuel wagering pools may be combined with corresponding
wagering pools in the host state, or with corresponding pools established by
one or more other jurisdictions.
(ii) The Commission may permit adjustment of
the takeout from the pari-mutuel pool so that the takeout rate in this
jurisdiction is identical to that at the host track, or identical to that of
other jurisdictions participating in a merged pool.
(iii) Where takeout rates in the merged pool
are not identical, the net price calculation shall be the method by which the
differing takeout rates are applied.
(iv) Rules of racing as established for the
contest in the host state shall apply to the merged pool.
(v) The Commission shall approve agreements
made between the Permittee and other participants in interstate common pools
governing the distribution of breakage between the jurisdictions.
(vi) If, for any reason, it becomes
impossible to successfully merge the bets placed into the interstate common
pool, the Permittee shall make payoffs in accordance with payoff prices that
would have been in effect if prices for the pool of bets were calculated
without regard to wagers placed elsewhere; except that, with permission of the
Commission, the Permittee may alternatively determine to either pay winning
tickets at the payoff prices at the host track, or declare such accepted bets
void and make refunds in accordance with the applicable rules.
(c) Host State Participation in Merged Pools
(i) With the prior approval of
the Commission, an Permittee licensed to conduct pari-mutuel wagering may
determine that one or more of its contest be utilized for pari-mutuel wagering
at guest facilities in other states, and may also determine that pari-mutuel
pools in guest state be combined with corresponding wagering pools established
by it as the host track or comparable wagering pools established by two or more
states.
(ii) Where takeout rates in
the merged pool are not identical, the net price calculation shall be the
method by which the differing takeout rates are applied.
(iii) The Commission shall approve agreements
made between the Permittee and other participants in interstate common pools
governing the distribution of breakage between the jurisdictions.
(iv) Any contract for interstate common pools
entered into by the Permittee shall contain a provision to the effect that if,
for any reason, it becomes impossible to successfully merge the bets placed in
another state into the interstate common pool formed by the Permittee, or if,
for any reason, the Commission's or the Permittee's representative determines
that attempting to effect transfer of pool data from the guest state may
endanger the Permittee's wagering pool, the Permittee shall have no liability
for any measures taken which may result in the guest's wagers not being
accepted into the pool.
(d) Takeout Rates in Interstate Common Pools
(i) With the prior approval of the
Commission, a Permittee wishing to participate in an interstate common pool may
change its takeout rate (within the limits permitted by state law) so as to
achieve a common takeout rate with all other participants in the interstate
common pool.
(ii) A Permittee
wishing to participate in an interstate common pool may request that the
Commission approve a methodology whereby host and guest states with different
takeout rates for corresponding pari-mutuel pools may effectively and equitably
combine wagers from the different states into an interstate common
pool.
Disclaimer: These regulations may not be the most recent version. Wyoming 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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