Section 8.07. Minimum ticket prices/payouts.

Latest version.

For all win, place and show wagers the minimum wager to be accepted by any association shall be $2. The minimum payout by an association on a $2 wager shall be $2.20. The association may set the minimum wager for any wager other than win, place or show, as in a wheel or box, at $1, provided that no ticket shall be sold for less than $2.00. For purposes of pari-mutuel calculations the minimum payout for a $1 wager shall be $1.10. In cases where a minus pool occurs, the association shall be responsible for the payment of the minimum payout from their share of the pari-mutuel commission.

History: Cr. Register, March, 1990, No. 411 , eff. 4-1-90; CR 03-070 : am. Register November 2003 No. 575 , eff. 12-1-03 .

                    
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