Section 280. Approval of pools

Latest version.

A. Generally. The commission shall promptly consider a request for types of pari-mutuel wagering pools.

B. Consideration of requests. Upon receipt of a request for approval or modification of types of pari-mutuel wagering pools, the commission shall consider the request at its next regularly scheduled meeting, and may, in its discretion, approve the types of pari-mutuel wagering pools as requested, modify the request, or deny the request.

C. Criteria for approval of pools. The commission, in making its determination, must consider the success and integrity of horse racing; the public health and safety, and welfare; and public interest, necessity, and convenience.

Historical Notes

Derived from VR662-01-02 § 3.3, Volume 06, Issue 13, eff. April 25, 1990; Volume 14, Issue 01, eff. October 29, 1997; Volume 18, Issue 20, eff. May 22, 2002.

Statutory Authority

§ 59.1-369 of the Code of Virginia.

                    
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