Kentucky Administrative Regulations › Title 811 - PUBLIC PROTECTION CABINET - KENTUCKY HORSE RACING COMMISSION › Chapter 2 - Quarter Horse, Paint Horse, Appaloosa, and Arabian Racing › Section 811 KAR 2:160 - Exotic wagering

Current through Register Vol. 51, No. 1, July 1, 2024
RELATES TO: KRS 230.210-230.375, 230.990
NECESSITY, FUNCTION, AND CONFORMITY: KRS 230.215(2) grants the
				commission the authority to regulate conditions under which quarter horse,
				appaloosa and Arabian 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 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 811 KAR Chapter 2.
Section
			 1. All Pari-mutuel Wagers on an Historical Horse Race Are Exotic
			 Wagers. All pari-mutuel wagers other than win, place, or show wagers on a live
			 horse race are exotic wagers.
Section
			 2. Exotic Wagers to Be Approved by Commission.
(1) An association shall not offer an exotic
			 wager on any live or historical horse race 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 to approval of 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 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 which it
			 considers important or relevant to its determination of whether the wager
			 should be approved.
(5) The
			 commission or its designee shall review and test the exotic wager and shall
			 give its approval if it is satisfied that:
(a)
			 The wager does not adversely affect the safety or integrity of horse racing or
			 pari-mutuel wagering in the Commonwealth; and
(b) The wager complies with KRS Chapter 230
			 and 811 KAR Chapter 2.
(6) The commission shall notify the
			 association if it determines that the criteria set forth in subsection (5) of
			 this section are no longer being met and it 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.