230.379 Telephone account wagering -- Use of credit card.

229 words·~1 min read·/ky/chapter-230/230-379

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

(1)A track may engage in telephone account wagering, if all moneys used to place

telephone account wagers are on deposit in an amount sufficient to cover the

wagers at the track where the account is opened. All moneys wagered by telephone

account wagering shall be subject to the applicable pari-mutuel tax levied in KRS

138.510 and shall form a common pool with other pari-mutuel pools at the track for

each posted race. The corporation shall have authority to promulgate necessary and

reasonable administrative regulations to regulate the conduct of telephone account

wagering, including regulations for the deposit of funds by credit or debit cards or

other means of electronic funds transfer.

(2)A track shall accept and tabulate a telephone account wager only from the holder of

a telephone wagering account. No person shall directly or indirectly act as an

intermediary, transmitter, or agent in the placing of wagers for a holder of a

telephone wagering account. No person shall in any manner place a wager through

telephone account wagering, on behalf of a holder of a telephone wagering account.

Only the holder of a telephone wagering account shall place a telephone wager.

Any person violating this subsection shall be guilty of a Class A misdemeanor.

(3)Telephone account wagering conducted in accordance with the provisions of this

section shall not be considered a violation of KRS 528.110.