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Can you summarize Tex. Occ. Chapter 2027?
TEXAS RACING ACT > WAGERING
Short Summary
The provided legal document content pertains to the regulation of wagering on horse races and greyhound races under the system known as pari-mutuel wagering. It applies to the commission, racetrack associations, licensed individuals, and individuals involved in pari-mutuel wagering on horse races and greyhound races. The commission is responsible for adopting rules to regulate wagering, including rules for licensed individuals, prohibiting wagering by commission employees, prohibiting racetrack associations from accepting telephone or credit wagers, and ensuring maximum enforceability of the rules. Wagering can only be conducted by a racetrack association within its enclosure, and accepting wagers for races conducted inside or outside the state from individuals in the state is only allowed if authorized under the subtitle. Only individuals inside an enclosure where live and simulcast race meetings are authorized can wager on the result of a live or simulcast race presented by a racetrack association. The use of state-of-the-art computational equipment approved by the commission is required for calculating wagering authorized under this chapter, but the use of a particular make of equipment cannot be mandated by the commission. The commission is also responsible for adopting rules regarding the use of automated teller machines (ATMs) in enclosures, limiting access to ATMs to a person’s checking account, and collecting a fee for each authorized transaction. The commission must prescribe the information to be printed on each pari-mutuel ticket. Additionally, the documents include a provision regarding the process for claiming a distribution from a pari-mutuel pool in the context of wagering on horse or greyhound races. Claimants must file a claim with the appropriate racetrack association within one year of purchasing the ticket or receiving the voucher, accompanied by a substantial portion of the ticket or voucher to identify relevant details. If the claimant can establish their right to the distribution, the racetrack association is required to pay the amount due. Non-compliance or violations of this provision are not specified to have any penalties.
Whom does it apply to?
Commission, racetrack associations, licensed individuals, individuals involved in pari-mutuel wagering on horse races and greyhound races
What does it govern?
Regulation of wagering on horse races and greyhound races under the system known as pari-mutuel wagering
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Texas