California Code of Regulations › Title 4 - Business Regulations › Division 4 - California Horse Racing Board › Article 26 - Advance Deposit Wagering › Section 2073 - Operation of an Advance Deposit Wagering Account for All Entities

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) The
				entity may suspend or close an Account. Any Account with no activity for at
				least six months may be closed. When an Account is closed the entity shall
				return any funds within five business days to the Account Holder at the address
				of record.
(b) Funds shall be in an
				interest bearing Account.
(c) Funds
				in an Account shall not bear interest to the Account Holder.
(d) Residents of California shall not be
				charged a surcharge on any winning wager.
(e) Wagers shall be accepted during the days
				and times designated as operating on the CHRB-132 for California entities and
				the CHRB-133 for entities outside California. The entity may close for
				receiving wagers on any pari-mutuel pool, race(s), or close for all wagering.
				Anytime the entity closes during the times designated as operating on the
				CHRB-132 and CHRB-133 a written report shall be filed with the Board within two
				business days.
(f) All wagering
				conversations, transactions or other wagering communications through the
				Advance Deposit Wagering system, verbal or electronic, shall be recorded by
				means of electronic media, and the tapes or other records of such
				communications shall be kept by the entity for 180 days. The tapes and other
				records shall be made available to the Board upon request or order by the
				Executive Director.
(g) The total
				amount of all Account wagers shall be included in the respective pools for each
				race and shall be combined into the licensee's pools or directly into the
				corresponding pools of the host track.
(h) Accounts are for personal use only and
				the Account Holder is responsible to maintain the secrecy of the Account Number
				and Means of Personal Identification. The Account Holder must immediately
				notify the entity of any breach of the Account's security.
(i) Upon request of the Account Holder the
				entity shall provide a statement detailing Account activity for the immediate
				30 days prior to the request. Unless the entity receives written notice
				disputing the statement within 14 days of the date a statement is forwarded, it
				shall be deemed to be correct.
(j)
				The address provided or the application to establish an Account is deemed the
				address of record for mailing checks, statements of Account, Account
				withdrawals, notices, or other correspondence. It is the responsibility of the
				Account Holder to notify the entity of any address change.
(k) No employee or agent of the entity shall
				divulge any Confidential Information related to the placing of any wager or any
				Confidential Information related to the operation of the Advance Deposit
				Wagering system without the consent of the Account Holder, except to the
				Account Holder as required by this article, the Board, and as otherwise
				required by state of federal law.
(l) Account Holders shall designate if they
				want to use a credit card to make deposits to their Account. Changes to the
				designation shall require 24 hours' notice to the entity.
1. New section
				  filed 1-7-2002; operative 1-7-2002 pursuant to Government Code section
				  11343.4
				  (Register 2002, No. 2).
2. Amendment of subsection (f) and repealer
				  of subsection (m) filed 3-4-2009; operative 4-3-2009 (Register 2009, No.
				  10).
Note: Authority cited: Sections
					 19440,
					 19590
					 and
					 19604,
					 Business and Professions Code. Reference: Section
					 19604,
					 Business and Professions Code.