2014 Kentucky Revised Statutes CHAPTER 230 - HORSE RACING AND SHOWING 230.361 Regulation of pari-mutuel wagering -- Authorized operation not grounds for revocation or suspension of temporary alcoholic beverage license -- Tickets presumed abandoned -- License for special charitable events.
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230.361 Regulation of pari-mutuel wagering -- Authorized operation not
grounds for revocation or suspension of temporary alcoholic beverage
license -- Tickets presumed abandoned -- License for special charitable
events.
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The racing commission shall promulgate administrative regulations governing
and regulating mutuel wagering on horse races under what is known as the
pari-mutuel system of wagering. The wagering shall be conducted only by a
person licensed under this chapter to conduct a race meeting and only upon
the licensed premises. The pari-mutuel system of wagering shall be operated
only by a totalizator or other mechanical equipment approved by the racing
commission. The racing commission shall not require any particular make of
equipment.
The operation of a pari-mutuel system for betting where authorized by law shall
not constitute grounds for the revocation or suspension of any license issued
and held under KRS 242.1238 and 243.265.
All reported but unclaimed pari-mutuel winning tickets held in this state by any
person or association operating a pari-mutuel or similar system of betting at
horse race meetings shall be presumed abandoned if not claimed by the
person entitled to them within one (1) year from the time the ticket became
payable.
The racing commission may issue a license to conduct pari-mutuel wagering
on steeple chases or other racing over jumps; if all proceeds from the
wagering, after expenses are deducted, is used for charitable purposes. If the
dates requested for such a license have been granted to a track within a forty
(40) mile radius of the race site, the racing commission shall not issue a license
until it has received written approval from the affected track. Pari-mutuel
wagering licensed and approved under this subsection shall be limited to four
(4) days per year. All racing and wagering authorized by this subsection shall
be conducted in accordance with applicable administrative regulations
promulgated by the racing commission.
Effective:June 25, 2013
History: Amended 2013 Ky. Acts ch. 121, sec. 102, effective June 25, 2013. -Amended 2010 Ky. Acts ch. 24, sec. 460, effective July 15, 2010. -- Amended
2004 Ky. Acts ch. 191, sec. 16, effective July 13, 2004. -- Amended 1998 Ky.
Acts ch. 237, sec. 6, effective July 15, 1998. -- Amended 1992 Ky. Acts ch. 109,
sec. 25, effective March 30, 1992. -- Amended 1988 Ky. Acts ch. 376, sec. 8,
effective July 15, 1988. -- Amended 1986 Ky. Acts ch. 214, sec. 6, effective July
15, 1986. -- Amended 1982 Ky. Acts ch. 100, sec. 6, effective July 15, 1982. -Amended 1978 Ky. Acts ch. 307, sec. 1, effective June 17, 1978. -- Amended
1974 Ky. Acts ch. 403, sec. 7. -- Created 1960 Ky. Acts ch. 184, sec. 14.
Formerly codified as KRS 230.340.
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