N.J. Admin. Code § 13:74-8.6

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:74-8.6 - Formation of interstate common pool

(a) With the prior approval of the Commission, and the concurrence of the out-of-State sending track as to off-track wagering or out-of-State host track as to account wagering, an off-track wagering licensee or the account wagering licensee and receiving tracks or entities in states other then the state where the out-of-State sending track or out-of-State host track is located, may form an interstate common pool.

(b) With respect to a Commission approved interstate common pool, the Commission may approve types of wagering, takeout, distribution of winnings, rules for pari-mutuel ticket refunds, rules of racing, method of calculating breakage, and a percentage of deposits remaining undistributed from a pari-mutuel pool after payment is made to winning ticket holders which are different for those which would otherwise be applied in this State but which are consistent for all parties to the interstate common pool.