Mississippi Administrative Code › Title 13 - Gaming › Part 9 - RACEBOOKS AND SPORTS POOLS › Chapter 4 - PARI-MUTUEL WAGERING › Rule 13-9-4.2 - Definitions

Current through June 25, 2024
(a) "Breakage" means odd cents arising from
				the computation of odds and payouts on amounts wagered on a simulcast horse
				race, as determined by the law governing the sending track.
(b) "Casino simulcasting" means the
				simultaneous transmission by picture of running or harness horse or greyhound
				races conducted at racetracks to casino licensees and pari-mutuel wagering at
				Race books operated by casino licensees on the results of those races.
(c) "Entrant" means a participant
				in a race, sporting event or contest upon which a wager may be placed as to the
				participants' finishing position in the event.
(d) "Entry" means two (2) or more entrants
				competing in a given event and coupled because of common ties as determined by
				the regulations governing racing at the sending track.
(e) "Event" means an individual race, game or
				contest wherein pari-mutuel wagering is conducted upon the competing entrants.
(f) "Field" means all the entrants
				in an event whose assigned numerical designation exceeds one less than the
				numbering capacity of the post positions on the tote board.
(g) "Gross pool" means the total amount of
				money wagered on the outcome of a particular event without any deduction
				therefrom.
(h) "Licensee" means as
				used herein, a person to whom a pari-mutuel wagering license has been issued by
				the Mississippi Gaming Commission.
(i) "Out-of-State sending track" means a
				racetrack in a jurisdiction other than the State of Mississippi which is
				authorized to conduct casino simulcasting and the operator of which is lawfully
				permitted to conduct a horse or greyhound race and to provide simulcast horse
				or greyhound races to a casino licensee.
(j) "Pari-mutuel" means a system of wagering
				on a race or sporting event whereby the winners divide the total amount bet,
				after deducting commission, fees, and taxes, in proportion to the amount
				individually wagered.
(k)
				"Pari-mutuel machine" means a mechanical, electrical or other device which is
				connected to a totalisator and which generates pari-mutuel tickets and credit
				vouchers, reads pari-mutuel tickets and receives from the totalisator the
				amount to be paid for winning, cancelled or refunded pari-mutuel tickets, and
				reads credit vouchers and calculates the amount to be paid therefor.
(l) "Pari-mutuel ticket" means a paper ticket
				or electronic transaction representing such ticket issued by a pari-mutuel
				machine or a self-service pari-mutuel machine which represents a wager on a
				simulcast horse race.
(m)
				"Simulcast horse race" means a running or harness horse race or greyhound race
				conducted at a racetrack which is simultaneously transmitted by picture to a
				casino licensee.
(n) "Totalisator"
				means a computer system which directly or indirectly through one or more other
				totalisator systems, receives pari-mutuel wagering information, calculates
				payoffs for winning pari-mutuel tickets, generates reports with respect to such
				information, and automatically ceases wagering, in accordance with internal
				controls, in the event that the transmission of data from a sending track has
				been interrupted.
(o) "Win, place,
				show" refers to the entrants respectively placing first, second and third in
				the outcome of an event; also refers to the respective wagers or
				pools.
Miss. Code Ann.
				  §§
										75-76-5,
				  75-76-55,
				  and
				  75-76-89.