Kentucky Administrative Regulations › Title 810 - PUBLIC PROTECTION CABINET - KENTUCKY HORSE RACING COMMISSION › Chapter 6 - Pari-Mutuel Wagering › Section 810 KAR 6:010 - Exotic wagering

Current through Register Vol. 51, No. 1, July 1, 2024
RELATES TO:
				KRS
				230.300,
				230.361,
				230.3615,
				230.370,
				230.398,
				230.750
NECESSITY, FUNCTION, AND CONFORMITY:
				KRS
				230.215(2) authorizes the
				Kentucky Horse Racing Commission to regulate conditions under which horse
				racing and pari-mutuel wagering thereon shall be conducted in Kentucky.
				KRS
				230.361(1) requires the
				commission to promulgate administrative regulations governing and regulating
				pari-mutuel wagering on horse races under the pari-mutuel system of wagering.
				This administrative regulation establishes the procedures and regulations
				governing exotic wagering under KRS Chapter 230 and KAR Title 810.
Section 1. All Pari-mutuel Wagers on a
			 Historical Horse Race or Races Shall be Exotic Wagers. All pari-mutuel wagers
			 other than win, place, or show wagers on a live horse race shall be exotic
			 wagers.
Section 2. Exotic Wagers
			 Shall be Approved by Commission.
(1) An
			 association shall not offer an exotic wager on any live or historical horse
			 race or races without the prior written approval of the commission.
(2) An association making a request to offer
			 an exotic wager on a live or historical horse race may make an oral
			 presentation to the commission regarding the wager prior to the commission
			 deciding on the request.
(a) The presentation
			 shall be made by the association during a meeting of the commission.
(b) The presentation shall be limited to the
			 information contained in the written request and any supplemental information
			 relevant to the commission's determination of the suitability of the
			 wager.
(c) The commission may
			 require an association to clarify or otherwise respond to questions concerning
			 the written request as a condition of approval for the exotic wager.
(3) The commission may request
			 additional information from an association regarding the exotic wager if the
			 additional information would assist the commission in deciding whether or not
			 to approve it.
(4) In reviewing a
			 written request for an exotic wager, the commission may consider any
			 information, data, reports, findings, or other factors available that the
			 commission considers important or relevant to its determination regarding wager
			 approval.
(5) The commission or its
			 designee shall review and test the exotic wager and shall give its approval if
			 it is satisfied that the wager:
(a) Will not
			 adversely affect the safety or integrity of horse racing or pari-mutuel
			 wagering in the Commonwealth; and
(b) Complies with KRS Chapter 230 and KAR
			 Title 810.
(6) The
			 commission shall notify the association if the commission determines that the
			 criteria established in subsection (5) of this section are no longer being met
			 and the commission intends to withdraw approval of a particular exotic
			 wager.
(7) An association shall not
			 implement any change or modification to the practices, procedures, or
			 representations upon which the approval of the exotic wager was based without
			 the prior written approval of the commission.