NRS 464.020 Administration by Commission: Issuance of licenses; times and places for wagering; regulations; authority and procedure for appointing Off-Track Pari-Mutuel Wagering Committee; inspection of books and records of licensees.

727 words·~3 min read·/nv/chapter-464-pari-mutuel-wagering/464-020·

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

1. The Commission is charged with the administration of this chapter for the protection of the public and in the public interest.

2. The Commission may issue licenses permitting the conduct of the pari-mutuel system of wagering, including off-track pari-mutuel wagering, and may adopt, amend and repeal regulations relating to the conduct of such wagering.

3. The wagering must be conducted only by a licensed book at the times determined by the Commission and only:

(a)Within the enclosure wherein the race, sporting event or other event which is the subject of the wagering occurs; or

(b)Within a licensed gaming establishment which has been approved to conduct off-track pari-mutuel wagering.

Ê This subsection and the provisions of NRS 464.060 do not prohibit a licensed book from accepting wagers made by wire communication from patrons within the State of Nevada, from other states in which such wagering is legal or from places outside the United States in which such wagering is legal. Neither the off-track pari-mutuel system nor the operator of a system must be physically present in this State provided that each is present in another state or location outside of the United States where off-track pari-mutuel wagering is legal and is licensed or otherwise approved by a governmental authority having regulatory jurisdiction or control over pari-mutuel wagering.

4. The regulations of the Commission may include, without limitation:

(a)Requiring fingerprinting of an applicant or licensee, or other method of identification.

(b)Requiring information concerning an applicant’s antecedents, habits and character.

(c)Prescribing the method and form of application which any applicant for a license issued pursuant to this chapter must follow and complete before consideration of the applicant’s application by the Commission.

(d)Prescribing the permissible communications technology and requiring the implementation of border control technology that will ensure that a person cannot place a wager with a licensee in this State from another state or another location where placing such a wager is illegal.

5. The Commission may appoint an Off-Track Pari-Mutuel Wagering Committee consisting of 11 persons who are licensed to engage in off-track pari-mutuel wagering. If the Commission appoints such a Committee, it shall appoint to the Committee:

(a)Five members from a list of nominees provided by the State Association of Gaming Establishments whose members collectively paid the most gross revenue fees to the State pursuant to NRS 463.370 in the preceding year;

(b)Three members who, in the preceding year, paid gross revenue fees pursuant to NRS 463.370 in an amount that was less than the average amount of gross revenue fees paid by licensees engaged in off-track pari-mutuel wagering in the preceding year; and

(c)Three other members.

Ê If a vacancy occurs in a position on the Committee for any reason, including, but not limited to, termination of a member, the Commission shall appoint a successor member who satisfies the same criteria in paragraph (a),

(b)or

(c)that applied to the member whose position has been vacated.

6. If the Commission appoints a Committee pursuant to subsection 5, the Commission shall:

(a)Grant to the Committee the exclusive right to negotiate an agreement relating to off-track pari-mutuel wagering with:

(1)A person who is licensed or otherwise permitted to operate a wagering pool in another state; and

(2)A person who is registered pursuant to this chapter as an operator of a system.

(b)Require that any agreement negotiated by the Committee with a track relating to off-track pari-mutuel wagering must not set a different rate for intrastate wagers placed on the licensed premises of a licensed book and wagers placed through the use of communications technology.

(c)Require the Committee to grant to each person licensed pursuant to this chapter to operate an off-track pari-mutuel race pool the right to receive, on a fair and equitable basis, all services concerning wagering in such a race pool that the Committee has negotiated to bring into or provide within this State.

7. The Commission shall, and it is granted the power to, demand access to and inspect all books and records of any person licensed pursuant to this chapter pertaining to and affecting the subject of the license.