LAC 35:XV.12709. Takeout Rates in Interstate Common Pools

A. With the express approval of the commission, a licensee desiring to participate in an interstate common pool may change its takeout rate (within the limits permitted by state law) so as to achieve a common takeout rate with all other participants in the interstate common pool. B. A licensee desiring to participate in an interstate common pool may request that the commission approve a methodology whereby host and guest states with different takeout rates for comparable pari-mutuel pools may effectively and equitably combine wagers from the different states into an interstate common pool.