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§ 1960. Payout on Minus Pools.

4 CA ADC § 1960Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 4. Business Regulations
Division 4. California Horse Racing Board (Refs & Annos)
Article 18. Pari-Mutuel Wagering
4 CCR § 1960
§ 1960. Payout on Minus Pools.
Currentness
The association must pay to the holder of any ticket or tickets entitling him to participate in the distribution of a parimutuel pool the amount wagered by such holder plus a minimum of 5% thereof. This requirement is unaffected by the existence of a parimutuel pool which does not contain sufficient money to distribute said 5% to all persons holding such tickets.

Credits

Note: Authority cited: Sections 19440 and 19590, Business and Professions Code. Reference: Section 19590, Business and Professions Code.
History
1. Change without regulatory effect amending section heading and adding new Note filed 12-23-96 pursuant to section 100, title 1, California Code of Regulations (Register 96, No. 52).
This database is current through 7/12/24 Register 2024, No. 28.
Cal. Admin. Code tit. 4, § 1960, 4 CA ADC § 1960
End of Document