71 IAC 9-1-14 Prior approval required for betting pools

Sec. 14. (a) An association that desires to offer new forms of wagering must apply in writing to the commission and receive written approval prior to implementing the new betting pool. (b) The association may suspend previously approved forms of wagering with the prior approval of the commission. Any carryover shall be held until the suspended form of wagering is reinstated. An association may request approval of a form of wagering or separate wagering pool for specific performances. (c) An association desiring to accept minimum wagers as the host track for less than one dollar ($1) or more than two dollars ($2) shall first apply in writing to the commission and obtain specific approval of the commission or its executive director.