Section 260-48-520 - Parimutuel tickets A parimutuel ticket is evidence of a wager into the parimutuel pool operated by the association and is evidence of the association's obligation to pay to the holder a portion of the distributable amount of the parimutuel pool that is represented by a valid parimutuel ticket. The association must cash all valid winning parimutuel tickets when they are presented for payment.
(1) To be deemed a valid parimutuel ticket, the ticket must have been issued by a parimutuel ticket machine, self-service terminal operated by the association, or self-service device and recorded as a ticket entitled to a share of the pari-mutuel pool. The parimutuel ticket must also contain the following: (a) The name of the association operating the meeting;(b) A unique identifying number or code;(c) The terminal or device where the ticket was issued;(d) The date that the wagering transaction was issued;(f) The type or types of wager(s);(g) The number or numbers representing the betting interests; and(h) The amount or amounts of the wagers into the parim-utuel pool or pools for which the ticket is evidence.(2) No parimutuel ticket recorded or reported as paid, canceled, or nonexistent will be considered a valid parimutuel ticket.(3) The association must maintain a record of all winning parimutuel tickets, not presented for payment. A record of these tickets when cashed must be retained for a period of twenty-four months from the date cashed. This record will be made available for inspection by the commission or its authorized representative when requested.Wash. Admin. Code § 260-48-520
Amended by WSR 14-05-051, filed 2/14/14, effective 3/17/2014Statutory Authority: RCW 67.16.020 and 67.16.040. 08-17-049, § 260-48-520, filed 8/14/08, effective 9/14/08. Statutory Authority: RCW 67.16.040. 96-10-014, § 260-48-520, filed 4/19/96, effective 6/11/96.