Iowa Administrative Code › Agency 491 - Racing and Gaming Commission › Chapter 8 - Pari-mutuel Wagering, Simulcasting and Advance Deposit Wagering › Rule 491-8.6 - Advance Deposit Wagering

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Authorization to conduct advance deposit wagering.
a. A licensee may request authorization from
			 the commission to conduct advance deposit wagering pursuant to Iowa Code
			 section 99D.11(6)
"c"
and this chapter. As part of the request, the licensee
			 shall submit a detailed plan of how its advance deposit wagering system would
			 operate. The commission may require changes in a proposed plan of operations as
			 a condition of granting a request. No subsequent changes in the system's
			 operation may occur unless ordered by the commission or until approval is
			 obtained from the commission after it receives a written request.
b. The commission may conduct investigations
			 or inspections or request additional information from the licensee as the
			 commission deems appropriate in determining whether to allow the licensee to
			 conduct advance deposit wagering.
c. The licensee shall establish and manage an
			 advance deposit wagering center.
d.
			 The commission may issue an ADWO license to an entity that enters into an
			 agreement with the commission, the licensee, and the Iowa Horsemen's Benevolent
			 and Protective Association. The terms of any ADWO's license shall include but
			 not be limited to:
(1) Any source market fees
			 and host fees to be paid on any races subject to advance deposit
			 wagering.
(2) An annual ADWO
			 license fee in an amount to be determined by the commission.
(3) Completion of all necessary background
			 investigations.
(4) Acceptance of
			 wagers on live races conducted at the horse racetrack in Polk County from all
			 of its licensee account holders.
(5) A bond or irrevocable letter of credit on
			 behalf of the ADWO to be determined by the commission.
(6) A detailed description and certification
			 of systems and procedures used by the ADWO to validate the identity and age of
			 licensee account holders and to validate the legality of wagers
			 accepted.
(7) Certification of
			 prompt commission access to all records relating to licensee account holder
			 identity and age in hard-copy or standard electronic format acceptable to the
			 commission.
(8) Certification of
			 secure retention of all records related to advance deposit wagering and
			 accounts for a period of not less than three years or such longer period as
			 specified by the commission.
(9)
			 Utilization and communication of pari-mutuel wagers to a pari-mutuel system
			 meeting all requirements for pari-mutuel systems employed by licensed racing
			 facilities in Iowa.
e.
			 Commission access to and use of information concerning advance deposit wager
			 transactions and licensee account holders shall be considered proprietary, and
			 such information shall not be disclosed publicly except as may be required
			 pursuant to statute or court order or except as part of the official record of
			 any proceeding before the commission. This requirement shall not prevent the
			 sharing of this information with other pari-mutuel regulatory authorities or
			 law enforcement agencies for investigative purposes.
f. For each advance deposit wager made for an
			 account by telephone, the licensee or ADWO shall make a voice recording of the
			 entire transaction and shall not accept any such wager if the voice-recording
			 system is inoperable. Voice recordings shall be retained for not less than six
			 months and shall be made available to the commission for investigative
			 purposes.