Current through Register Vol. 54, No. 50, December 14, 2024
Section 190.3 - Application for permission to establish a common pari-mutuel pool(a) A licensed corporation may apply to the Commission for permission to establish a common pari-mutuel pool.(b) An application for permission to establish a common pari-mutuel pool shall be submitted to the Commission at least 30 days prior to the commencement of wagering into the common pari-mutuel pool. The Commission may accept an application filed less than 30 days prior to the commencement of wagering for good cause shown.(c) An application for permission to establish a common pari-mutuel pool shall be in a form prescribed by the Commission and shall contain the following: (1) The name of the licensed corporation requesting permission to establish the common pari-mutuel pool.(2) The name, date and jurisdiction of the racetrack conducting the race on which wagers will be accepted for inclusion into the common pari-mutuel pool.(3) The name and licensing jurisdiction of each entity that will be accepting wagers for inclusion into the common pari-mutuel pool.(4) A copy of the agreement for the simulcast of the race on which wagers will be accepted for inclusion into the common pari-mutuel pool.(5) A copy of the agreement among the entities establishing the common pari-mutuel pool.(6) A copy of the procedures established for administration of the common pari-mutuel pool.(7) A copy of approvals required under the Interstate Horseracing Act of 1978 (15 U.S.C.A. §§ 3001-3007).(8) The minimum amount of a wager which will be accepted for inclusion in the common pari-mutuel pool.(9) The retention rate to be applied to amounts wagered in this Commonwealth for inclusion in the common pari-mutuel pool.(10) The retention rate to be applied to amounts wagered in each jurisdiction other than the Commonwealth for inclusion in the common pari-mutuel pool.