230.3773 Interstate common wagering pools.

248 words·~1 min read·/ky/chapter-230/230-3773

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)As used in this section, "interstate common wagering pool" means a pari-mutuel

pool established in one

(1)horse racing jurisdiction that is combined with

comparable pari-mutuel pools from at least one

(1)horse racing jurisdiction for the

purpose of establishing payoff prices in the various jurisdictions.

(2)Interstate wagers at a receiving track may form an interstate common wagering pool

with wagers at a track in another jurisdiction, and the receiving track may adopt the

commission and breakage rates of the track at which the race is being run. The

corporation may also approve types of wagering, distribution of winnings, and rules

of racing for interstate common wagering pools that are different from those that

normally apply in Kentucky.

(3)Wagers placed on any races run at track in Kentucky may be combined with wagers

placed at tracks in other jurisdictions to form an interstate common wagering pool

located either within or outside Kentucky.

(4)A track's participation in an interstate common wagering pool does not cause that

track to be considered to be doing business in any jurisdiction other than the

jurisdiction where the track is physically located. Excise taxes and commission

rates may not be imposed on any interstate common wagering pool other than on

amounts actually wagered in Kentucky. The combination of pari-mutuel pools as

provided in this section constitutes the communication of wagering information for

purposes of calculating odds and payoffs only and does not constitute the transfer of

wagers in interstate commerce.