New Jersey Administrative Code › Title 13 - LAW AND PUBLIC SAFETY › Chapter 70 - HORSE RACING › Subchapter 29A - SINGLE-POOL WAGERING › Section 13:70-29A.2 - Definitions

Current through Register Vol. 56, No. 14, July 15, 2024
The following words and terms, when used in this subchapter,
				  shall have the following meanings, unless the context clearly indicates
				  otherwise:
"Multi-pool traditional wagering" means the form of
				  parimutuel wagering traditionally associated with horse race wagering in this
				  State, as authorized by this chapter, and the varieties of wagers authorized
				  for such wagering, including, but not limited to, trifecta, exacta, win, place,
				  and show.
"Odds calculation engine" means a computer and its related
				  hardware and software components, which, upon prior approval of the Racing
				  Commission, may interface with the totalisator to receive wagering data from
				  the totalisator, to perform single-pool wagering odds calculations, to
				  calculate payoffs for winning single-pool wagering tickets, and after
				  performing these functions, to then return the single-pool wagering odds
				  calculation information to the totalisator. An odds calculation engine may be
				  part of the totalisator or integrated within the totalisator, or it may be a
				  separate component to the totalisator.
"Single-pool wager placement type" means a special form of
				  wager to be specified by a patron at the time that he or she places a wager on
				  a single-pool wager variety. Single-pool wager placement types authorized by
				  this subchapter are a "combination wager," a "multiple race wager," a "limit
				  wager" an "all-or-none wager," and such additional single-pool wager placement
				  types that may be approved by the Racing Commission pursuant to
				  13:70-29A.7.
"Single-pool wager variety" means any wager variety
				  authorized by this chapter for multi-pool traditional wagering, including, but
				  not limited to, win, place, show, exacta, trifecta, and superfecta, and such
				  additional wager varieties that may be authorized for single-pool wagering by
				  the Racing Commission pursuant to
				  13:70-29A.7.
"Single-pool wagering" means the form of wagering authorized
				  by this subchapter where the cumulative proceeds of different single-pool wager
				  varieties, including, but not limited to, trifecta, exacta, win, place, and
				  show, on one or more races, are combined to form a single wagering pool, and
				  following the deduction of the required takeout from the resulting single
				  wagering pool proceeds, and applying parimutuel properties, the remaining
				  balance of the proceeds are distributed to those individual winning ticket
				  holders for the race or races whose cumulative wagers formed the single
				  wagering pool.
"Single-pool wagering event" means a horse race wagering
				  event, which, following approval by the Racing Commission of the race or races
				  to be used to form the event, the single-pool wager placement types to be used
				  to form the event, and the single-pool wager varieties to be used to form the
				  event, may be offered for wagering to the public by a single-pool wagering
				  outlet.
"Single-pool wagering outlet" means the following entities
				  authorized by the Racing Commission to offer single-pool wagering events: a
				  racetrack permit holder, an off-track wagering license holder, the account
				  wagering licensee, and, subject to any required approval of the New Jersey
				  Casino Control Commission, any Atlantic City casino authorized to participate
				  in casino simulcasting.
"Single-pool wagering provider" means a person, persons,
				  association, partnership, organization, or other entity who is the operator of
				  the odds calculation engine. The single-pool wagering provider may or may not
				  also be the operator of the totalisator.
"Single wagering pool" means the single wagering pool formed
				  as a result of a Racing Commission-approved single-pool wagering event.
"Single wagering pool unawarded surplus" means the unawarded
				  surplus, which might arise in connection with a single-pool wager variety for a
				  race, which single-pool wager variety and race is part of a Racing
				  Commission-approved single-pool wagering event. For example, if no wager on a
				  "place" single-pool wager variety was a winner, a single wagering pool
				  unawarded surplus would arise because no winning bettor would be available to
				  collect the portion of the funds, within the single wagering pool, arising from
				  the inclusion within the pool of wagers placed for that single-pool wagering
				  "place" variety.
"Totalisator," means a computer situated within the hub
				  facility, which, among other things, directly or indirectly through one or more
				  other totalisators receives pari-mutuel wagering information, calculates
				  payoffs for winning pari-mutuel tickets, generates reports with respect to such
				  information, and in the event that the transmission of data from a sending or
				  host track has been interrupted, automatically ceases wagering in accordance
				  with the internal control procedures of the hub facility. The totalisator, for
				  purposes of single-pool wagering, interfaces with the odds calculation engine
				  and receives single-pool odds calculation information from it. The totalisator
				  may from time-to-time perform certain functions of the odds calculation engine,
				  including the calculation of single-pool wagering odds calculations in those
				  circumstances where the odds calculation engine is technologically incapable of
				  directly supporting the calculation of odds, or in the event of a mechanical
				  breakdown of the odds calculation engine.