Section Lot 8203.02 - Wagers, Pools, and Payouts(a) All wagers offered on historic horse races shall: (1) Be under the pari-mutuel system of wagering;(2) Not adversely affect the integrity of historic horse racing or pari-mutuel wagering in the state New Hampshire; and(3) Comply with RSA 284:22-b and this chapter.(b) The maximum wager shall not exceed $25.(c) Wagers made under this chapter shall be made with cash or any other means approved by the commission.(d) The wager less takeout shall be placed in pari-mutuel pools found to be in compliance with RSA 28 and this chapter.(e) The outcome of each wager shall be based solely on the outcome of the historic horse race or race and no random elements shall determine the outcome of the patron's wager.(f) The payout on any wager shall not be less than the amount wagered, or greater than the amount available in the applicable pari-mutuel pool(s) together with any associated seed pool(s).(g) The pari-mutuel pools shall be funded and maintained in a manner and method that ensures that the amount available in the pari-mutuel pool(s) together with any associated seed pool(s) at any given time sufficient to ensure that a patron will be paid the minimum amount required on a winning wager.(h) All prizes awarded from a historic horse race wager shall be awarded from an existing pari-mutuel pool(s) consisting only of money wagered by patrons, together with funds in any associated seed pool(s).(i) Controls shall be in place to ensure that depletion of the pari-mutuel pools, plus funds in any associate seed pool(s), below an amount required to pay all winning tickets shall be detected at the time of depletion.(j) The HHR licensee shall immediately notify the commission in the event of the suspension of wagering activity of any historic horse racing pari-mutuel pool(s).(k) Wagers shall not be conducted in a manner in which the amount retained by the HHR licensee, all known as the takeout, is dependent upon the outcome of any particular race or the success of any particular wager.(l) The cash value of free bets and promotional credits shall be exempted from the revenue subject charity allocation and payments to the state so long as the cash value of such promotions does not exceed 1 percent of the total revenue from historic horse racing for the given month. HHR licensees may provide free be and promotional credits in excess of this allowance, however, the cash value of the free bets or promotion credits in excess of the allowance shall be included in the accounting of gross revenue subject to charity and stall allocations.(m) Winning pari-mutuel wagers shall be processed according to U.S. Internal Revenue Service reporting requirements for the taxation of pari-mutuel horse racing.N.H. Admin. Code § Lot 8203.02
Derived from Volume XLII Number 6, Filed February 10, 2022, Proposed by #13330, Effective 1/22/2022, Expires 1/22/2032.