71 IAC 9-1-4

71 IAC 9-1-4 Pari-mutuel ticket sales

Last amended: 2023Year: 2027Length: 342 wordsOfficial source

Cite as Ind. Admin. Code tit. 71, r. 9-1-4

Sec. 4. (a) Pari-mutuel tickets shall not be sold by anyone other than an association licensed to conduct pari-mutuel wagering. (b) No pari-mutuel ticket may be sold on a contest for which wagering has already been closed and no association shall be responsible for ticket sales entered into but not completed by issuance of a ticket before the totalizator is closed for wagering on such contest. (c) Claims pertaining to a mistake on an issued or unissued ticket must be made by the bettor prior to leaving the seller's window. (d) Payment on winning pari-mutuel wagers shall be made on the basis of the order of finish as purposely posted and declared official. Any subsequent change in the order of finish or award of purse money as may result from a subsequent ruling by the judges or commission shall in no way affect the pari-mutuel payoff. If an error in the posted order of finish or payoff figures is discovered, the official order of finish or payoff prices may be corrected and an announcement concerning the change shall be made to the public. (e) The association shall not satisfy claims on mutilated, or altered pari-mutuel tickets without authorization of the commission. (f) Claims on lost pari-mutuel tickets shall adhere to guidelines approved by the commission. (g) The association shall have no obligation to enter a wager into a betting pool if unable to do so due to equipment failure. (h) When payments on winning pari-mutuel wagers require Internal Revenue Service returns or reporting, identification of the recipient shall be confirmed by the association by examination of an appropriate government-issued personal identification document such as a driver's license, a passport, or an identification card. (i) No person other than the true owner and beneficiary of a pari-mutuel ticket shall sign a Form W2G or Form 5754. No person shall knowingly aid, in any way, in any misrepresentation regarding Internal Revenue Service (IRS) forms. Any known or suspected misrepresentation or irregularity regarding IRS forms shall be reported to the commission within forty-eight (48) hours.
71 IAC 9-1-4: 71 IAC 9-1-4 Pari-mutuel ticket sales | Justis AI