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Can you summarize OKAC 325:65?
Oklahoma Horse Racing Commission > Pari-Mutuel Wagering
Short Summary
The provided legal document content governs various aspects of horse racing in Oklahoma. It covers simulcast wagering, where host organization licensees can contract with authorized receivers to provide authorized users with simulcasts. The host organization licensee is responsible for the content of the simulcast and must make reasonable efforts to present a high-quality depiction of each performance. Simulcasts must include specific information such as the time of day, host facility name, contest number, and other relevant details. Security controls, including encryption, must be maintained over uplink and communications systems. The documents also govern the system of account wagering offered by organization licensees to their patrons. Rules regarding deposits, withdrawals, average daily balance, user fees, and interest payments must be communicated to patrons, who are deemed to have accepted the rules upon opening or not closing the account. Authorization from the Oklahoma Horse Racing Commission is required for offering a system of account wagering. The documents further govern various types of pools in horse racing, such as Exacta, Trifecta, Superfecta, and others. They provide rules for calculating payoffs and distributing pools based on the official order of finish. The documents address scenarios like dead heats, scratched betting interests, canceled contests, and carryover pools. Compliance with regulations set by the Oklahoma Horse Racing Commission is emphasized. Lastly, the documents govern the participation of organization licensees and participants in interjurisdiction common pools for pari-mutuel wagering. The pooling of wagers from different jurisdictions is allowed with prior approval from the Commission. Rules of the host jurisdiction apply, and agreements for the distribution of breakage between jurisdictions must be approved. In case merging bets becomes impossible, options for payoffs or refunds are provided. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Host organization licensees, authorized receivers, authorized users, patrons, organization licensees, racing officials, jockeys, owners, trainers, and participants in interjurisdiction common pools
What does it govern?
Simulcast wagering, system of account wagering, various types of pools in horse racing, and interjurisdiction common pools for pari-mutuel wagering
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Oklahoma