Florida Regulations 75-7.003: Experimental Wagers, Requests by Permitholders
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(1) Permitholders wishing to introduce new types of wagers, or to modify existing wagers, must submit to the division a draft of the suggested rule for the new or modified wagers. The draft should conform to the rule format in Fl. Admin. Code Chapter 75
(2) The division shall weigh the information submitted using the following criteria:
(a) Fairness to the betting public;
(b) Compliance with Florida pari-mutuel laws and rules;
(c) Adequacy of the accounting controls and procedures related to the wager, and;
(d) Successful completion of totalisator tests administered or monitored by the division.
(3) Upon meeting the standards set in subsection (2), the division shall issue authorization for the permitholder to offer the new or modified type of wager on a trial basis. The authorization will be valid for a trial period of 120 consecutive calendar days starting with the first day of implementation. Notwithstanding the 120 day trial period, the authorization will not be valid later than the end of the current meet.
(4) Thirty days prior to the completion of the trial period, the permitholder shall submit to the division the following information:
(a) Total sales including, where applicable, intertrack wagering, for the trial period;
(b) Average daily sales during the trial period;
(c) Problems encountered during the experiment;
(d) A narrative of complaints, if any, received from the bettors; and
(e) A clear statement as to whether the wager should be implemented on a permanent basis.
(5) Upon evaluation of the information required by subsection (4), the division shall either initiate a new rule for the wager or inform the permitholder, or permitholders sharing a facility, to discontinue offering the new or modified wager. The permitholder may continue offering the wager pending the decision of the division and/or promulgation of the rule.
(6) Explanation of the new or modified wager must be made available to the patrons via the official program or by notice prominently posted on each level of the facility.
Rulemaking Authority 550.0251(3), (7), 550.155(1) FS. Law Implemented 550.0251, 550.155 FS. History-New 10-20-96, Formerly 61D-7.003.
Terms Used In Florida Regulations 75-7.003
- Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
(a) Fairness to the betting public;
(b) Compliance with Florida pari-mutuel laws and rules;
(c) Adequacy of the accounting controls and procedures related to the wager, and;
(d) Successful completion of totalisator tests administered or monitored by the division.
(3) Upon meeting the standards set in subsection (2), the division shall issue authorization for the permitholder to offer the new or modified type of wager on a trial basis. The authorization will be valid for a trial period of 120 consecutive calendar days starting with the first day of implementation. Notwithstanding the 120 day trial period, the authorization will not be valid later than the end of the current meet.
(4) Thirty days prior to the completion of the trial period, the permitholder shall submit to the division the following information:
(a) Total sales including, where applicable, intertrack wagering, for the trial period;
(b) Average daily sales during the trial period;
(c) Problems encountered during the experiment;
(d) A narrative of complaints, if any, received from the bettors; and
(e) A clear statement as to whether the wager should be implemented on a permanent basis.
(5) Upon evaluation of the information required by subsection (4), the division shall either initiate a new rule for the wager or inform the permitholder, or permitholders sharing a facility, to discontinue offering the new or modified wager. The permitholder may continue offering the wager pending the decision of the division and/or promulgation of the rule.
(6) Explanation of the new or modified wager must be made available to the patrons via the official program or by notice prominently posted on each level of the facility.
Rulemaking Authority 550.0251(3), (7), 550.155(1) FS. Law Implemented 550.0251, 550.155 FS. History-New 10-20-96, Formerly 61D-7.003.