PURPOSE: This rule sets forth the requirements for the payment to the state by associations for uncashed pari-mutuel tickets (outs) and breakage.

1. (1) If any winning ticket is not redeemed for a period of ninety (90) days (outs), the amount necessary to redeem the ticket shall be paid to the Missouri Horse Racing Commission.
2. (2) Each association shall pay to the Missouri Horse Racing Commission, within thirty (30) days after the close of their meeting, the breakage computed to ten cents (10¢).
3. (3) Every association shall file a report within one hundred twenty (120) days of the close of their meeting, citing the amount payable to the Missouri Horse Racing Commission for unredeemed tickets (outs) and breakage as stated under this rule and shall promptly remit the amount to the Missouri Horse Racing Commission. The report must include a listing of the tickets paid and the list of winning tickets not redeemed.
4. (4) If any association fails to report when any money is due or willfully or knowingly renders a report which understates the amount owed under this rule, the license of the association shall be revoked. Any association whose license is revoked under this section shall be ineligible to hold a license for a period of one (1) year after revocation.

AUTHORITY: section 313.540, RSMo 1986.* Emergency rule filed June 20, 1986, effective June 30, 1986, expired Oct. 13, 1986. Original rule filed Oct. 3, 1986, effective Jan. 12, 1987. Amended: Filed July 12, 1988, effective Nov. 11, 1988. *Original authority: 313.540, RSMo 1986.