| (H) the twin trifecta shall be canceled and the entire twin
trifecta pool for that performance shall be refunded.
(2) After the twin trifecta carryover is frozen, exchange tickets
will be issued for the second half of the twin trifecta pool, in accordance
with paragraph (1) of this subsection. The second-half twin trifecta pool
shall be distributed according to the following precedence, based upon the
official order of finish for the second twin trifecta race:
(A) As a single price pool, including the carryover, to those
who received an exchange ticket under paragraph (1)(A) of this subsection,
and whose combination finished in correct sequence as the first three betting
interests; but if there are no such tickets, then
(B) Fifty percent (50%) of the twin trifecta pool for that
performance only shall be distributed in the following precedence:
(i) As a single price pool to those whose combination included,
in correct sequence, the first three betting interest; but if there are no
such wagers, then
(ii) As a single price pool to those whose combination included,
in correct sequence, the first two betting interests; but if there are no
such wagers, then
(iii) As a single price pool to those whose combination included,
in correct sequence, the first and third betting interests; but if there are
no such wagers, then
(iv) As a single price pool to those whose combination correctly
selected the first-place betting interest; but if there are no such wagers,
then
(v) As a single price pool to those whose combination included,
in correct sequence, the second and third betting interests; but if there
are no such wagers, then
(vi) As a single price pool to those whose combination correctly
selected the second-place betting interest; but if there are no such wagers,
then
(vii) As a single price pool to those whose combination correctly
selected the third-place betting interest; but if there are no such wagers,
then
(viii) As a single price pool to holders of valid exchange
tickets; but if there are no such persons, then
(ix) As a single price pool to holders of outstanding first-half
winning tickets.
(u) The twin trifecta carryover shall be designated for mandatory
payout on a specified date and performance only under the following circumstances:
(1) on written approval from the executive secretary as provided
in subsection (q) of this section;
(2) on written approval from the executive secretary when there
is a change in the carryover cap or when the twin trifecta is discontinued;
and
(3) on the closing performance of the race meeting.
(v) If the twin trifecta carryover must be held over to the
corresponding twin trifecta pool of a subsequent race meeting, the carryover
shall be deposited in an interest-bearing account approved by the executive
secretary. The twin trifecta carryover plus accrued interest shall be carried
over and added to the second-half twin trifecta pool of the following race
meeting on a date and performance designated by the executive secretary.
(w) The association must obtain written approval from the executive
secretary concerning the scheduling and the amount of the cap to be set on
the carryover. Any changes to the approved twin trifecta format require prior
approval from the executive secretary.
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