Kansas Administrative Regulations › Agency 112 - KANSAS RACING AND GAMING COMMISSION › Article 9 - PARIMUTUEL WAGERING › Section 112-9-43 - Capping carryover pools

Current through Register Vol. 43, No. 28, July 11, 2024
The Pick (N), the twin trifecta, the tri-superfecta, and the
				twin superfecta carryover pools may be capped at a designated level or on a
				designated performance as approved by the commission. When the commission
				authorizes the capping of a carryover it shall select one of the following
				methods to govern subsequent contributions to the carryover pool:
(a) When the amount in the wager's carryover
			 pool equals or exceeds the designated cap at the close of any performance, the
			 carryover pool shall be frozen, and 100 percent of the designated contributions
			 to the carryover pool shall be paid out to the wager's regular pool until the
			 carryover pool is paid out.
(b)
			 Within three working days of the date when the designated cap is reached, each
			 organization licensee shall notify the commission or its designee of the
			 occurrence and specify the date it intends to force a payout of the carryover
			 pool, provided the capped carryover pool is not paid out prior to the specified
			 date. Each forced payout shall be made within ten race days after the date when
			 the designated cap is reached. After the designated cap is reached the
			 carryover pool shall continue to receive its regular contribution from all
			 wagers.
(c) When the designated
			 cap on the carryover pool is reached the organization licensee shall freeze the
			 carryover pool at the designated cap amount and create a new seed pool. The
			 seed pool shall receive and hold all contributions that would normally flow to
			 the carryover pool until the capped carryover pool is paid out. The carryover
			 pool shall be paid out under the regular procedures, or, if the organization
			 licensee so elects, under the forced payout procedures stated in subparagraph
			 (b) of this regulation. Once the capped carryover pool is paid out, the seed
			 pool shall become the carryover pool. If the seed pool's balance ever equals or
			 exceeds the designated cap the seed pool shall be frozen the same as the
			 carryover pool, and another seed pool shall be created.
(d) When a carryover pool is capped on a
			 designated performance and the designated performance date is reached, the
			 organization licensee shall pay out 100 percent of the contributions to the
			 carryover pool using one of the following methods, as directed by the
			 commission:
(1) to holders of tickets in
			 accordance with the procedures stated in K.A.R. 112-9-41a(o) for twin trifecta
			 wagers, K.A.R. 112-9-40a(o) for tri-superfecta wagers and K.A.R. 112-9-42(o)
			 for twin superfecta wagers; or,
(2) to holders of second-half winning tickets
			 using the following precedence:
(A) as a
			 single price pool to those whose combination finishes in the same sequence as
			 the first three betting interests for twin trifecta wagers or in the same
			 sequence as the first four betting interests for twin superfecta and
			 tri-superfecta wagers; then,
(B)
			 as a single price pool to holders of valid exchange tickets; then,
(C) as a single price pool to holders of
			 outstanding first-half winning tickets.