New Jersey Administrative Code › Title 13 - LAW AND PUBLIC SAFETY › Chapter 70 - HORSE RACING › Subchapter 29A - SINGLE-POOL WAGERING › Section 13:70-29A.6 - Petitions to the Racing Commission to offer a single-pool wagering event

Current through Register Vol. 56, No. 14, July 15, 2024
(a) A petition
				for approval to conduct a single-pool wagering event shall be in writing, and
				submitted to the Racing Commission for approval in advance of the event
				offering, by a single-pool wagering outlet. The petition shall set forth the
				race or races used to form the event, the single-pool wager placement type or
				types to be offered as part of the event, and the single-pool wager variety or
				varieties to be offered as part of the event. The petition shall explain,
				consistent with
				13:70-29A.8, how any unawarded
				surplus is proposed to be distributed. The petition will further specify
				whether the odds calculation engine will directly support and conduct the
				calculation of odds in connection with the proposed single-pool wagering event,
				or whether the totalisator will be responsible for supporting and calculating
				some or all of such odds for any aspect of the proposed single-pool wagering
				event. The petition shall further specify, consistent with
				13:70-29A.9, the method proposed
				by the single-pool wagering outlet to calculate the odds in the event of a dead
				heat finish in connection with any race or wager subject of the proposed
				single-pool wagering event.
(b)
				Where the petition of a single-pool wagering outlet, to conduct a single-pool
				wagering event, seeks approval for a number of races to form the event, which
				number of races has not been previously approved by the Racing Commission at a
				public meeting as part of a prior approval of a single-pool wagering event, the
				petition shall include documentation from the single-pool wagering provider
				evidencing that said number of races has been the subject of successful testing
				of the odds calculation engine for accuracy and reliability, which is to
				include a mathematical analysis of the odds calculation engine. The Commission,
				in its discretion and at cost to the single-pool wagering provider, may require
				that additional testing be conducted, which could include testing by an
				independent firm specializing in such testing, as determined on a case-by-case
				basis.
(c) Where a petition to
				conduct a single-pool wagering event seeks approval for a single-pool wager
				placement type to form the event, which single-pool wager placement type has
				not been previously approved by the Racing Commission at a public meeting as
				part of a prior approval of a single-pool wagering event, the petition shall
				include documentation from the single-pool wagering provider evidencing that
				said single-pool wager placement type has been the subject of successful
				testing of the odds calculation engine for accuracy and reliability, which is
				to include a mathematical analysis of the odds calculation engine. The
				Commission, in its discretion and at cost to the single-pool wagering provider,
				may require that additional testing be conducted, which could include testing
				by an independent firm specializing in such testing, as determined on a
				case-by-case basis.
(d) Where a
				petition to conduct a single-pool wagering event seeks approval for a
				single-pool wager variety to form the event, which single-pool wager variety
				has not been previously approved by the Racing Commission at a public meeting
				as part of a prior approval of a single-pool wagering event, the application
				shall include documentation from the single-pool wagering provider evidencing
				that said single-pool wager variety has been the subject of successful testing
				of the odds calculation engine for accuracy and reliability, which is to
				include a mathematical analysis of the odds calculation engine. The Commission,
				in its discretion and at cost to the single-pool wagering provider, may require
				that additional testing be conducted, which could include testing by an
				independent firm specializing in such testing, as determined on a case-by-case
				basis.
(e) Where a petition seeking
				Racing Commission approval to conduct a single-pool wagering implicates (b),
				(c), or (d) above, the petition of the single-pool wagering outlet shall
				include any certifications required by
				13:70-29A.4(a)4 
				and 5.
(f) Where a petition seeking
				Racing Commission approval to conduct a single-pool wagering event implicates
				13:70-29A.12(b),
				the petition shall set forth the take-out structure for the proposed
				single-pool wagering event.