Current through November 25, 2024
Section Game 24.15 - Duties of Wisconsin host track in accounting and reportingThe Wisconsin host track shall do all of the following:
(1) For purposes of distribution of the wagering pool, breakage pools and minus pools shall be allocated pro-rata based on the percentage of winning dollars wagered at each location for each entry, pool and race, pursuant to s. 562.065(3) (e), Stats., and s. Game 8.07.(2) In order to facilitate the transfer of money between host tracks and guest tracks, each host track shall perform a daily reconciliation of its racing accounts and all amounts due to or from guest tracks. The frequency of transfer of monies between host tracks and guest tracks shall be as specified by contract. A weekly report of the accounts payable and receivable incurred from simulcast pari-mutuel activity shall be submitted to the division by the host track listing the balance of the host track and all guest tracks that are commingling pools with the host track. The forms used to monitor the accounts payable and receivable for each racetrack shall be approved by the division.Wis. Admin. Code Department of Administration [Gaming] Game 24.15
Emerg. cr. eff. 8-25-95; cr. Register, January, 1996, No. 481, eff. 2-1-96.