Arkansas Administrative Code › Agency 006 - Department of Finance and Administration › Division 06 - Racing Commission › Rule 006.06.19-023 - CGR 23 Off-Track Pari-Mutuel Sports Wagering and Off-Track Pari-Mutual Other Event Wagering

Current through Register Vol. 49, No. 6, June, 2024
23.010
Scope.
This Rule governs and its applicability is limited to
			 off-track pari-mutuel wagering on sporting events and other events for which
			 approval has been granted by the Commission pursuant to Amendment 100.
			 Off-track pari-mutuel wagering on horse and greyhound races conducted by
			 franchise holders shall continue to be governed by the Arkansas Horse Racing
			 Law, Ark. Code Ann. §
								23-110-101, et
			 seq., and Arkansas Greyhound Racing Law, Ark. Code Ann. §
								23-111-101, et
			 seq., respectively, and the rules of the Commission thereunder, and not these
			 Rules.
23.020
Definitions.
As used in this Rule:
1. "Breakage" means the odd cents over a
			 multiple of ten cents arising from the computation of odds and payoffs on
			 off-track pari-mutuel sports wagers.
2. "Commission" means the Arkansas Racing
			 Commission or the Commission's designee.
3. "Commission on wagers" means an amount
			 retained and not returned to patrons by a pari-mutuel sports book from the
			 aggregate amount of off-track pari-mutuel sports wagers.
4. "Common pari-mutuel pool" means a
			 pari-mutuel wagering pool consisting of the off-track pari-mutuel sports wagers
			 placed at two or more pari-mutuel sports books.
5. "Manual merge" means the process used in
			 the event of a systems or communications failure by which participating
			 pari-mutuel sports books transmit to the systems operator through telephone,
			 telecopy, cellular or other means of communication, the sports books' wagering
			 information, and the process by which the systems operator includes the
			 off-track pari-mutuel sports wagers in the common pari-mutuel pool in such
			 event.
6. "Off-track pari-mutuel
			 sports system" means a computerized system or component of a system that is
			 used to receive wagering information from and transmit pool data to a
			 pari-mutuel sports book.
7.
			 "Off-track pari-mutuel sports wager" means a pari-mutuel wager on a sporting
			 event or other event offered as part of a common pari-mutuel pool, whether or
			 not the wager is actually included in the common pari-mutuel pool.
8. "Other event" means any event other than a
			 horse race, dog race, or athletic sporting event.
9. "Pari-mutuel sports book" means an
			 establishment within this state that has been authorized to accept off-track
			 pari-mutuel sports wagers pursuant to Amendment 100, or an out-of-state
			 facility approved to accept off-track pari-mutuel sports wagers. Where
			 applicable, the term also includes a person or governmental agency from outside
			 this state that operates such a facility, and an association of such
			 facilities.
10. "Pool data" means
			 data regarding the results, payoffs, odds or payoff prices, and the aggregate
			 amount of off-track pari-mutuel sports wagers accepted on each sporting event
			 or other event by all pari-mutuel sports books.
11. "Post time" means five minutes before the
			 scheduled start of a sporting event or other event or such other time as
			 designated by the Commission.
12.
			 "Sporting event" means an individual race, game, match or contest, and any
			 group, series or part thereof. The term does not include horse or dog
			 races.
13. "Systems operator" or
			 "operator of a system" means a person engaged in providing the off-track
			 pari-mutuel sports system or services directly related to the reconciliation of
			 a common pari-mutuel pool and transfers of funds between the participating
			 pari-mutuel sports books.
14.
			 "Wagering information" means the amount of off-track pari-mutuel sports wagers
			 accepted for each sporting event or other event by a single pari-mutuel sports
			 book.