Oregon Administrative Rules|Section 462-200-0220 - Payment for Errors

                                                
Current through Register Vol. 60, No. 12, December 1, 2021 
If an error occurs in the payment amounts for pari-mutuel wagers which are cashed or entitled to be cashed; and as a result of such error the pari-mutuel pool involved in the error is not correctly distributed among winning ticket holders, the following shall apply:
 
(1) Verification is required to show that the amount of the commission, the amount in breakage, and the amount in payoffs is equal to the total gross pool. If the amount of the pool is more than the amount used to calculate the payoff, the underpayment shall revert and belong to the State of Oregon and be paid to the commission and become part of its fund, and shall not be retained by the race meet licensee under whose license such meet was held.
 
(2) In the event the error results in an overpayment to winning wagers, the race meet licensee shall be responsible for such payment.
 
Or. Admin. R. 462-200-0220
RC 3-2000, f. 3-27-00, cert. ef. 5-1-00
Stat. Auth.: ORS 462.270(3)
 
Stats. Implemented: ORS 462.270(3)