§300.90. Minimum Payoff

Latest version.

a)         In the event there is insufficient money available in the net pari-mutuel pool to return $2.20 on each winning $2 wager, the minimum payoff by the organization licensee shall be $2.10.

b)         In the event of a minus pool, any deficiencies shall be paid from the commission.

c)         The applicable surcharges as established in the Act, imposed on winning wagers and winnings from wagers on pari-mutuel pools shall not be deducted if it would result in a minimum payoff of less than $2.10 on a $2 wager.

                    
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