N.Y. Comp. Codes R. & Regs. tit. 9 § 4009.25

Current through Register Vol. 46, No. 50, December 11, 2024

Section 4009.25 - Adjustment of underpayments caused by error

(a) In the event of an error in calculations of payoff prices that result in underpayments to the public, the aggregate of such underpayments shall be paid into the corresponding pool of the next race or races in such amounts as may be determined by the steward of the commission and a designated representative of the association conducting the meeting.

(b) If any such error should occur in computing any wagering pools, the underpayment shall be added to the corresponding pool of the following day.

(c) Immediately upon the discovery of such an error, the manager of the mutuel department shall furnish a detailed statement of the matter to the commission and the State Department of Taxation and Finance.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 4009.25