Mississippi Administrative Code › Title 13 - Gaming › Part 9 - RACEBOOKS AND SPORTS POOLS › Chapter 4 - PARI-MUTUEL WAGERING › Rule 13-9-4.10 - Payment on wagers

Current through June 25, 2024
(a) Payment of
				wagers will be made only on presentation of appropriate pari-mutuel tickets.
				Any claim by a bettor that a wrong ticket has been delivered to him at the
				mutuel ticket window must be made before leaving the window, and thereafter no
				such claim may be considered.
(b) A
				licensee shall cash all valid unmutilated winning tickets when such tickets are
				presented for payment during the course of the day when sold and for the period
				of at least 30 days thereafter. Subsequent thereto, the licensee shall have no
				liability relating to such tickets, providing the premises are conspicuously
				posted with signs stating that winning tickets must be presented for payment
				within 30 days from date of issuance (or longer period if chosen by the
				licensee), and that each ticket issued shall also bear a similar notation
(c) The licensee shall have no
				obligation or liability for tickets thrown away, lost, changed, destroyed, or
				mutilated beyond identification. In the case of mutilated tickets when the
				portions of the tickets presented are sufficient to definitely identify the
				ticket as a winning ticket, the licensee may accept the mutilated ticket and
				make payment without the necessity of the ticket holder submitting a claim to
				the commission.
(d) In the event of
				a dispute over the validity of a ticket, the licensee may accept from the
				holder of such ticket a written and verified claim to be filed by the licensee
				with the commission, and the commission will render a decision as to payment.
(e) Every licensee shall carry on
				its books an account which shows the total payoff amount of outstanding
				unredeemed mutuel tickets representing winning tickets not presented for
				payment.
(f) A payoff shall not be
				less than the amount wagered.
(g)
				The entire loss resulting from a minus pool shall be borne by the licensee.
(h) Any error made in posting on
				the tote board of the payoff prices shall be promptly corrected, and the public
				immediately advised of the correction.
(i) If an error occurs in payment upon
				tickets cashed or entitled to be cashed, and as a result the pool involved is
				not correctly distributed among the winning ticket holders, the following shall
				apply:
1. The licensee shall bear the cost of
				any overpayment.
2. In the event of
				under-payment:
i. The licensee shall accept
				timely claims, pay each claim, or a part thereof, which it determines to be
				valid; notice shall be given to any claimant whose claim is rejected.
ii. Any person whose claim is
				rejected by the licensee may, within 30 days from the date notice of rejection
				is received, request the commission to determine the validity of the claim. The
				failure to file such request with the commission within 30 days shall
				constitute a waiver of the claim, provided the claimant has received notice of
				a right of appeal to the commission.
iii. A hearing before the commission shall be
				held on each claim timely filed, and the commission may determine a claim to be
				valid, in whole or in part, and thereafter order the licensee to make payment
				accordingly.
iv. Claims not filed
				with the licensee within 30 days inclusive of the date on which the
				under-payment was discovered shall be deemed waived, and the licensee shall
				have no further liability therefor.