23 CAR § 358-2204 – Conduct of off-track pari-mutuel wagering

(a) Off-track pari-mutuel wagering may be conducted only within a race book or any other area approved by the Arkansas Racing Commission.
(b) A pari-mutuel book offering off-track pari-mutuel wagering must comply with the provisions of this part, when not in conflict with this subpart.
(c) A pari-mutuel book shall not use the information received from the off-track pari-mutuel system to determine the winners of or payoffs on nonpari-mutuel race wagers.
(d) A pari-mutuel book shall not use the information received from a live broadcast to determine the winners of or payoffs on off-track pari-mutuel wagers.
(e)
1. (1) A pari-mutuel book may use the information received from a live audio-visual signal to determine the winners of or payoffs on off-track pari-mutuel wagers in the event the systems operator notifies the pari-mutuel book that it is unable to relay that information to the pari-mutuel book through the off-track pari-mutuel system.
2. (2) A pari-mutuel book shall comply with the 23 CAR § 358-601 et seq. minimum internal control standards when making such payoffs.
(f) A pari-mutuel book shall pay winning interstate off-track pari-mutuel wagers in accordance with official results at the track, irrespective of whether the wagering information from the pari-mutuel book was included in the interstate common pari-mutuel pool.
(g) A pari-mutuel book shall pay winnings, intrastate off-track pari-mutuel wagers in accordance with official results from the approved, off-track pari-mutuel system and shall return at least one dollar and five cents ($1.05) for each winning dollar wagered, and any other guaranteed payout.
(h)
1. (1) The pari-mutuel books shall be jointly responsible for any deficiencies and shall share in any excesses resulting from the requirements of this part.
2. (2) The terms of any such agreement must be approved pursuant to the provisions of this subpart.
(i) A pari-mutuel book, other than a pari-mutuel only book, that has agreed to accept off-track pari-mutuel wagers may only accept nonpari-mutuel race wagers on types of bets not offered as part of the interstate or intrastate common pari-mutuel pool, and may accept nonpari-mutuel race wagers on types of bets offered as part of an interstate or intrastate common pari-mutuel pool in the event the off-track pari-mutuel system is not functioning.
(j) A pari-mutuel book shall not pay a systems operator or a track any compensation for the right to be part of an interstate or intrastate common pari-mutuel pool unless the agreement setting forth the terms of the compensation has been approved pursuant to the provisions of this subpart.
(k)
1. (1) A pari-mutuel book shall adopt, conspicuously display, and adhere to written house rules governing off-track pari-mutuel wagering transactions with patrons.
2. (2) Prior to adopting or amending such house rules, a pari-mutuel book shall submit such rules to the commission for approval.
(l)
1. (1) A pari-mutuel book shall allow patrons to cash an outstanding off-track pari-mutuel ticket for one hundred twenty (120) days from the date of purchase or thirty (30) days after the close of the racing meet, whichever shall first occur.
2. (2) Tickets which are not redeemed within such time become valueless, unless the time period is otherwise extended by the licensee, and the sum of money represented by them shall accrue to the issuing licensee.
(m)
1. (1) Pari-mutuel books may not accept intrastate pari-mutuel wagers placed by any book, affiliate of the pari-mutuel book, or a systems operator providing the intrastate common pari-mutuel system.
2. (2) Books or systems operators may not place wagers into an intrastate common pari-mutuel pool.
(n)
1. (1) Each pari-mutuel book that accepts an intrastate pari-mutuel wager must visually display to patrons, through direct communications with the off-track pari-mutuel system conducting the intrastate pool, the current odds and minutes to post for each race or wagering proposition on which intrastate wagers are being accepted as well as the official results and payoffs.
2. (2) The odds and post information shall be displayed at least ten (10) minutes prior to the scheduled post time and shall be updated at least every ninety (90) seconds prior to post time.
3. (3) An intrastate pari-mutuel pool shall not be approved unless the systems operator has the capability to deliver this visual information to the pari-mutuel books in a form acceptable to the commission, and each pari-mutuel book must be capable of displaying the information in a form acceptable to the commission, before being approved to participate in that intrastate pari-mutuel pool.