462-220-0050
Total Take-out Rates for Non-Merged Pools

(1) A Hub operator may include a provision for hosting non-merged pools as part of their operating plan or update to the plan. Subject to approval by the Commission, the Hub operator shall:

(a) As part of the operating plan or update to the plan, set the total take-out rate for those wagering pools which are not merged with the wagering pools of the racetrack where the race is being run live; and

(b) Pay a 1% fee to the Commission for all hosted non-merged wagers excluding wagers placed through the Hub operator’s own ADW system which will be taxed under the formulas set out in OAR 462-220-0040.

(b) The Commission may require reimbursement for any oversightte of non-merged pools, which will be negotiated in advance.

(2) Fees required under this provision do not apply to wagering options such as a betting exchange.

Statutory/Other Authority: ORS 462.270(3) & 462.725
Statutes/Other Implemented: ORS 462.725
History:
RC 2-2012, f. 5-29-12, cert. ef. 6-1-12
RC 3-2000, f. 3-27-00, cert. ef. 5-1-00

Fiscal impact: No

Advisory meeting required: Yes

Hearing requirement: Yes