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Can you summarize WIAC Game Chapter 9?
Department of Administration [Gaming] > Pari-Mutuel Wagering Pools
Short Summary
This legal document governs the operation of Pari-Mutuel Wagering Pools. It applies to associations involved in pari-mutuel wagering. The document outlines the rules for deducting amounts wagered to place on the first two animals to finish from the net pool to determine the profit. The profit is then divided into two equal amounts, with each amount being divided by the amount wagered to place on the first and second finishers respectively. Payouts are made to the holders of place tickets on the first two finishers. The document also addresses scenarios of dead heats for first and second place, as well as situations where no place tickets are sold for certain animals. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
Associations involved in pari-mutuel wagering
What does it govern?
Pari-Mutuel Wagering Pools
What are exemptions?
No specific exemptions or penalties are mentioned in this document.
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
Wisconsin