16 Tex. Admin. Code § 321.302

Current through Reg. 49, No. 50; December 13, 2024

Section 321.302 - Payoff on Minus Pool

Regardless of whether a pari-mutuel pool contains sufficient money, an association shall pay to the holder of a mutuel ticket that entitles the holder to participate in the distribution of a pari-mutuel pool the amount wagered by the holder plus a minimum of 5.0% of the wager.

The provisions of this §321.302 adopted to be effective April 1, 2001, 26 TexReg 2160