10762846, 61D-7.014 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 10762846

Notice of Proposed Rule

Department:

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

Division:

Division of Pari-Mutuel Wagering

Chapter:

AUDITING

Overview

RULE:

61D-7.014

Pick (N) Pools (Transferred)

PURPOSE:

The purpose and effect of the proposed rule will be to implement Florida Statutes pertaining to the calculation and distribution of pari-mutuel wagering activity on wagering pools.

SUMMARY:

Amends rule regarding pool calculation and distribution requirements for pari-mutuel wagering activity on Pick (N) wagering pools by giving pari-mutuel permitholders increased flexibility to offer “uncapped” jackpot wagers to the public.
OTHER RULES INCORPORATING THIS RULE: Rule 61D-7.017 incorporates Rule 61D-7.014, F.A.C.
EFFECT ON THOSE OTHER RULES: None

RULEMAKING AUTHORITY:

550.0251(3), 550.155(1), 550.495(4) FS.

LAW:

550.0251(7), 550.155 FS.

PRINT PUBLISH DATE:

12/16/2011 Vol. 37/50

COMMENTS:

From 12/16/2011 To 1/6/2012 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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