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TITLE 16 | ECONOMIC REGULATION |
PART 8 | TEXAS RACING COMMISSION |
CHAPTER 321 | PARI-MUTUEL WAGERING |
SUBCHAPTER C | REGULATION OF LIVE WAGERING |
DIVISION 2 | DISTRIBUTION OF PARI-MUTUEL POOLS |
RULE §321.302 | Payoff on Minus Pool |
Regardless of whether a pari-mutuel pool contains sufficient money, an association shall pay to the holder of a mutuel ticket that entitles the holder to participate in the distribution of a pari-mutuel pool the amount wagered by the holder plus a minimum of 5.0% of the wager. |
Source Note: The provisions of this §321.302 adopted to be effective April 1, 2001, 26 TexReg 2160 |