Or. Admin. Code § 462-220-0050

Current through Register Vol. 64, No. 1, January 1, 2025

Section 462-220-0050 - Total Take-out Rates for Non-Merged Pools

(1) A Hub operator may include a provision for hosting non-merged pools as part of their operating plan or update to the plan. Subject to approval by the Commission, the Hub operator shall:

(a) As part of the operating plan or update to the plan, set the total take-out rate for those wagering pools which are not merged with the wagering pools of the race track where the race is being run live; and

(b) Pay a 1% fee to the Commission for all hosted non-merged wagers excluding wagers placed through the Hub operator's own ADW system which will be taxed under the formulas set out in OAR 462-220-0040.

(2) Fees required under this provision do not apply to wagering options such as a betting exchange.

Or. Admin. Code § 462-220-0050

RC 3-2000, f. 3-27-00, cert. ef. 5-1-00; RC 2-2012, f. 5-29-12, cert. ef. 6-1-12

Stat. Auth.: ORS 462.270(3) & 462.725

Stats. Implemented: ORS 462.725