Administrative Rules of Montana › Department 8 - COMMERCE › Chapter 8.22 - BOARD OF HORSE RACING › Subchapter 8.22.39 - Parimutuel Wagering on Fantasy Sports Leagues › Rule 8.22.3909 - FANTASY SPORTS PARIMUTUEL OPERATIONS

Current through Register Vol. 13, July 5, 2024
(1) Wagering will
				only be permitted at a licensed fantasy sports parimutuel facility by means of
				a parimutuel system that has been approved by the board.
(2) No employee of the parimutuel network,
				parimutuel director, parimutuel facility, or hub operations may place a wager
				for the employee personally or any other person during the actual work period
				for which the employee is licensed as a parimutuel occupational
				employee.
(3) Any claim by a patron
				that a wrong ticket has been delivered must be made before leaving that
				parimutuel ticket window or parimutuel self service machine. No claim shall be
				considered after that time, and no claim shall be considered for tickets that
				are discarded, lost, changed, destroyed, or mutilated beyond identification.
				Payment will be made only upon presentation of appropriate parimutuel
				tickets.
(4) The parimutuel
				facility licensee shall not sell or cash parimutuel tickets to persons under 18
				years of age. Signs indicating that persons under age 18 are not allowed to
				wager shall be conspicuously displayed near the selling and cashing
				windows.
(5) The parimutuel
				facility shall ensure that all parimutuel tickets sold on a sporting event
				during an administrative week are purchased or cashed from the regular ticket
				windows or parimutuel self service machine.
(6) All parimutuel facility employees working
				with parimutuel selling machines must be licensed by the board and given
				instructions by the facility manager, network director, or their designee prior
				to the start of their duties.
(7)
				The parimutuel facility shall make available to the public the actual winning
				amount to be paid for each winning ticket after results are made
				official.
(8) A parimutuel facility
				shall complete all forms summarizing each administrative week's mutuel
				operations, and verification of the payoff computations, and completion of such
				other forms as may be required by the network director or fantasy sports
				coordinator.
(9) The parimutuel
				network shall ensure payouts, pool totals, and winning combinations for each
				fantasy sports event are available to the public at each licensed parimutuel
				facility after the official results have been posted.
(10) The parimutuel facility shall
				conspicuously display rules at its licensed premises which govern wagering
				transactions with patrons. The rules must specify takeout amounts, the amounts
				to be paid on winning wagers, and the redemption period for winning
				tickets.
(11) The parimutuel
				network and network director are responsible for the accuracy of all payoff
				prices.
(12) The parimutuel network
				director shall prepare or have prepared a parimutuel recapitulation form at the
				end of each administrative week. The recapitulation form shall be provided to
				the fantasy sports coordinator or the board.
(13) The parimutuel network licensee may be
				required to furnish a certified public accountant, licensed to practice in
				Montana, with the following duties:
(a)
				completion of the forms summarizing each week's mutuel operation;
(b) verification of the payoff
				computations;
(c) completion of
				such other forms as may be required by the board; and
(d) submission of financial statements
				covering parimutuel operations for the fiscal year.