Okla. Admin. Code § 325:65-1-34

Current through Vol. 42, No. 4, November 1, 2024

Section 325:65-1-34 - Pari-Mutuel tickets; validity

A pari-mutuel ticket is evidence of a contribution to the pari-mutuel pool operated by the organization licensee and is evidence of the obligation of the organization licensee to pay to the holder thereof such portion of the distributable amount of the pari-mutuel pool as is represented by such valid pari-mutuel ticket. The organization licensee shall cash all valid winning tickets when such are presented for payment where sold, and no later than sixty (60) days after the wager was made.

(1) To be deemed a valid pari-mutuel ticket, such ticket shall have been issued by a pari-mutuel ticket machine operated by the organization licensee and recorded as a ticket entitled to a share of the pari-mutuel pool, and contain imprinted information as to:

(A) the name of the organization licensee operating the meeting.

(B) a unique identifying number or code.

(C) identification of the terminal at which the ticket was issued.

(D) a designation of the performance for which the wagering transaction was issued.

(E) the contest number for which the pool is conducted.

(F) the type or types of wagers represented

(G) the number or numbers representing the betting interests for which the wager is recorded.

(H) the amount or amounts of the contributions to the pari-mutuel pool or pools for which the ticket is evidence.

(2) No pari-mutuel ticket recorded or reported as previously paid, canceled, or non-existent shall be deemed a valid pari-mutuel ticket by the organization licensee. The organization licensee may withhold payment and refuse to cash any pari-mutuel ticket deemed not valid, except as provided in 325:65-1-35(e).

Okla. Admin. Code § 325:65-1-34

Added at 9 Ok Reg 3201, eff 6-30-92 (emergency); Added at 10 Ok Reg 3569, eff 7-12-93 ; Amended at 30 Ok Reg 516, eff 5-15-13