§ 193.15. Creation of new betting pools.
(a) A licensed racing entity seeking to offer new forms of wagering, such as ‘‘pick (x),’’ ‘‘instant racing pools,’’ ‘‘mix and match’’ or other similar type pools for its patrons must first apply in writing to the Commission and receive written approval prior to implementing the new betting pool.
(b) For each new betting pool, the licensed racing entity shall provide the rules associated with the betting pool, including:
(1) description of the game; how to wager;
(2) take out rates and payout calculations;
(3) wager amounts;
(4) coupled entry and mutuel fields and dead heat rules;
(4) carryover provisions, if applicable;
(5) other conditions and requirements of the betting game.
(c) A licensed racing entity which seeks to terminate a previously approved betting game/pool shall provide a notice to the Commission 30 days prior to terminating the game/pool.
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