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230.3773 Interstate common wagering pools.
(1)
(2)
(3)
(4)
As used in this section, "interstate common wagering pool" means a pari-mutuel
pool established in one (1) horse racing jurisdiction that is combined with
comparable pari-mutuel pools from at least one (1) horse racing jurisdiction for the
purpose of establishing payoff prices in the various jurisdictions.
Interstate wagers at a receiving track may form an interstate common wagering pool
with wagers at a track in another jurisdiction, and the receiving track may adopt the
commission and breakage rates of the track at which the race is being run. The
racing commission may also approve types of wagering, distribution of winnings,
and rules of racing for interstate common wagering pools that are different from
those that normally apply in Kentucky.
Wagers placed on any races run at track in Kentucky may be combined with wagers
placed at tracks in other jurisdictions to form an interstate common wagering pool
located either within or outside Kentucky.
A track's participation in an interstate common wagering pool does not cause that
track to be considered to be doing business in any jurisdiction other than the
jurisdiction where the track is physically located. Excise taxes and commission rates
may not be imposed on any interstate common wagering pool other than on
amounts actually wagered in Kentucky. The combination of pari-mutuel pools as
provided in this section constitutes the communication of wagering information for
purposes of calculating odds and payoffs only and does not constitute the transfer of
wagers in interstate commerce.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 478, effective July 15, 2010. -- Amended
2004 Ky. Acts ch. 191, sec. 34, effective July 13, 2004. -- Created 1994 Ky. Acts
ch. 438, sec. 2, effective July 15, 1994.
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