Section 308.70  Mandatory Distribution

a)         A written request for permission to distribute the Pick (n) carryover on a specific performance may be submitted to the State Director of Mutuels.  The request must contain justification for the distribution, an explanation of the benefit to be derived, and the intended date and performance for the distribution.

b)         Should the Pick (n) carryover be designated for distribution on a specified date and performance in which there are no wagers selecting the first-place finisher in each of the Pick (n) contests, the entire pool shall be distributed as a single price pool to those whose selection finished first in the greatest number of Pick (n) contests.  The Pick (n) carryover shall be designated for distribution on a specified date and performance only under the following circumstances:

1)         Upon written approval from the State Director of Mutuels as provided for in subsection (a).

2)         Upon written approval from the State Director of Mutuels when there is a change in the carryover cap, a change from one type of Pick (n) wagering to another, or when the Pick (n) is discontinued.

3)         On the closing performance of the meet, split meet or successive or intervening race meeting at the same race track.

c)         If, for any reason, the Pick (n) carryover must be held over to the corresponding Pick (n) of a subsequent meet, the carryover shall be deposited in an interest-bearing account approved by the State Director of Mutuels.  The Pick (n) carryover plus accrued interest shall then be added to the net Pick (n) pool of the following meet on a date and performance designated by the State Director of Mutuels.

d)         With written approval of the Board, the organization licensee may contribute to the Pick (n) carryover a sum of money up to any designated cap.