Code of Massachusetts Regulations › 205 CMR - MASSACHUSETTS GAMING COMMISSION › Title 205 CMR 7.00 - Simulcasting Rules And Regulations For Horse Racing, Harness Racing And Dog Racing › Section 7.08 - Guest State Participation in Interstate Common Pools

Current through Register 1525, July 5, 2024
(1) With the prior approval of the
			 Commission, pari-mutuel wagering pools may be combined with corresponding
			 wagering pools in the host state, or with corresponding pools established by
			 one or more other jurisdictions. (ARCI c. 9 i.c.w. sec. B(1))
(2) The Commission may permit adjustment of
			 the take-out from the pari-mutuel pool so that the take-out rate in this
			 jurisdiction is identical to that at the host track, or identical to that of
			 other jurisdictions participating in a merged pool. (ARCI c. 9 i.c.w. sec.
			 B(2))
(3) Rules established in the
			 state of the host association designated for a pari - mutuel pool shall apply.
			 (ARCI c. 9 i.c.w. sec. B(4))
(4)
			 The Commission shall approve agreements made between the association and other
			 participants in interstate common pools governing the distribution of breakage
			 between the jurisdictions. (ARCI c. 9 i.c.w. sec. B(5))
(5) If for any reason, it becomes impossible
			 to successfully merge the bets placed at the guest track into the interstate
			 common pool at the host track, the guest track will pay all winning tickets the
			 posted price sat the host track. After deducting appropriate take-out rates as
			 required under M.G.L. c. 128C of the statutory 19% and 26% take - out rates.
			 (ARCI c. 9 i.c.w. sec. B(6))
(6)
			 Each association shall maintain accurate and detailed records of all individual
			 instances where the posted price at the host track is paid when the customers
			 bet is not successfully merged into the interstate common pool at the host
			 track. These records will accurately indicate a surplus or deficit for each and
			 every pool involved. A copy of this report will be filed with the Commission
			 representative at the track after each and every instance. On a daily basis a
			 cumulative report, showing the up to date surplus or deficit, will be filed
			 with the Commission representative at the track.
The association will retain possession of any surplus funds for
				the duration of the calendar year. The association may use any surplus to
				offset any deficit realized during the calendar year.
If at the end of the calendar year the association shows a
				surplus in this account, the entire amount of this surplus will be paid to
				defer operational cost of the Commission for simulcast events. If at the end of
				the calendar year the association shows a deficit in this account, there shall
				be no payment.
On the first day of January of the next calendar year the
				association shall start this account with a zero balance, regardless of whether
				the association ended the previous year with a surplus or a deficit.
Under the terms of
				205 CMR 7.00 the association
				must pay the posted prices at the host track. The association may not create
				their own pool and the association may not refund these pools but must pay the
				posted prices at the host track.
(7) If the association accepts bets as a
			 guest track on a pool that does not exist at a host track, the guest track will
			 refund those bets. The association will not create their own pool.
(8) The guest track may only accept bets on
			 pools that are offered on the host tracks betting menu. The guest track is not
			 obligated to accept bets on all pools offered by the host track. The guest
			 track may not accept bets on pools not offered by the host tracks. However, the
			 guest track may create new pools on events of national significance with the
			 permission of the Commission.
(9)
			 Guest tracks may, at their option, issue a check for any winnings exceeding
			 $5,000.00.
(10) Where takeout rates
			 in the merged pool are not identical, the net price calculation shall be the
			 method by which the differing takeout rates are applied and when in conformity
			 with M.G.L. c. 128C. (ARCI c. 9 i.c.w. sec. B(3))