562.057 Simulcasting races; intertrack wagering.

343 words·~2 min read·/wi/chapter-562/562-057

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

(1)An intertrack wagering licensee may accept wagers on races that are conducted at 2 or more host tracks during the same race day with the approval of the department.

(3)An intertrack wagering licensee is solely responsible for maintaining the pari-mutuel pools on the races on which the intertrack wagering licensee conducts intertrack wagering and for making all payouts on intertrack wagers. Each race performance on which intertrack wagering is conducted is considered a separate race day for purposes of ss. 562.065 and 562.08 .

(4)Subject to sub.

(4m), the department may permit a licensee under s. 562.05

(b)to receive simulcast races from out-of-state racetracks, to conduct pari-mutuel wagering on those races and to commingle the licensee’s wagering pools on those races with those of any out-of-state racetrack from which the licensee is permitted to receive simulcast races. The department may permit a licensee under s. 562.05

(b)to simulcast races to any out-of-state legal wagering entity, and to commingle the licensee’s wagering pools on those races with those of any out-of-state legal wagering entity to which the licensee is permitted to simulcast those races.

(4m)The department may not permit a licensee under s. 562.05

(b)to receive simulcast races under sub.

(4)unless the department determines that all of the following conditions are met:

1. For a racetrack at which $25,000,000 or more was wagered during the calendar year immediately preceding the year in which the applicant proposes to conduct wagering on simulcast races, at least 250 race performances were conducted at the racetrack during that period.

2. For a racetrack at which less than $25,000,000 was wagered during the calendar year immediately preceding the year in which the applicant proposes to conduct wagering on simulcast races, at least 200 race performances were conducted at the racetrack during that period.

(c)The conduct of wagering on simulcast races will not adversely affect the public health, welfare or safety.

(5)The department shall promulgate rules administering sub.

(4).