Query Rules & Regulations Results

Rule No.Rule Title
1960Payout on Minus Pools.
Rule TextThe association must pay to the holder of any ticket or tickets entitling him to participate in the distribution of a parimutuel pool the amount wagered by such holder plus a minimum of 5% thereof. This requirement is unaffected by the existence of a parimutuel pool which does not contain sufficient money to distribute said 5% to all persons holding such tickets. NOTE: Authority cited: Sections 19440 and 19590, Business and Professions Code. Reference: Section 19590, Business and Professions Code. HISTORY: 1. Amendment filed 12-23-96; effective 1-22-97.
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