Ill. Admin. Code tit. 11 § 300.90

Current through Register Vol. 48, No. 43, October 25, 2024

Section 300.90 - Minimum Payoff

a) In the event there is insufficient money available in the net pari-mutuel pool to return $2.20 on each winning $2 wager, the minimum payoff by the organization licensee shall be $2.10.

b) In the event of a minus pool, any deficiencies shall be paid from the commission.

c) The applicable surcharges as established in the Act, imposed on winning wagers and winnings from wagers on pari-mutuel pools shall not be deducted if it would result in a minimum payoff of less than $2.10 on a $2 wager.

Ill. Admin. Code tit. 11, § 300.90