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Can you summarize Nevada GCCB Regulation 26B?
Regulations of the Nevada Gaming Commission and Control Board > Regulation 26B
Short Summary
Regulation 26B of the Nevada Gaming Commission and Control Board governs off-track pari-mutuel sports wagering and off-track pari-mutuel other event wagering. It applies to establishments within Nevada that are licensed to accept off-track pari-mutuel sports wagers, out-of-state facilities approved to accept such wagers, persons or governmental agencies operating such facilities, and associations of such facilities. The regulation defines various terms used in the document and outlines the requirements and procedures for accepting off-track pari-mutuel sports wagers. It also covers the sharing of revenue from off-track pari-mutuel sports wagering, approval processes for receiving a share of the revenue, and the criteria considered by the Board and Commission in granting licenses and approvals. The document further addresses the compliance requirements for out-of-state pari-mutuel sports books, the use of off-track pari-mutuel sports systems, and the responsibilities of systems operators. It establishes conditions for agreements between pari-mutuel sports books and systems operators, including the establishment of lines or propositions for sporting events, allocation of commissions on wagers, handling of system or communication failures, and compliance with applicable laws. The document emphasizes the maintenance of records, cooperation with inspections and audits, and the consequences of violating applicable laws or regulations. However, no specific exemptions or penalties are mentioned in the document.
Whom does it apply to?
Establishments within Nevada licensed to accept off-track pari-mutuel sports wagers, out-of-state facilities approved to accept such wagers, persons or governmental agencies operating such facilities, and associations of such facilities
What does it govern?
Off-track pari-mutuel sports wagering and off-track pari-mutuel other event wagering
What are exemptions?
No specific exemptions are mentioned in the document.
What are the Penalties?
No specific penalties are mentioned in the document.
Jurisdiction
Nevada