La. Admin. Code tit. 35 § XV-12709
Current through Register Vol. 50, No. 9, September 20, 2024
Section XV-12709 - Takeout Rates in Interstate Common PoolsA. With the express approval of the commission, a licensee desiring to participate in an interstate common pool may change its takeout rate (within the limits permitted by state law) so as to achieve a common takeout rate with all other participants in the interstate common pool.B. A licensee desiring to participate in an interstate common pool may request that the commission approve a methodology whereby host and guest states with different takeout rates for comparable pari-mutuel pools may effectively and equitably combine wagers from the different states into an interstate common pool.La. Admin. Code tit. 35, § XV-12709
Promulgated by the Department of Economic Development, Racing Commission, LR 17:260 (March 1991).AUTHORITY NOTE: Promulgated in accordance with R.S. 4:141, R.S. 4:148 and R.S. 4:211-227.