KRS 230.361: Regulation of pari -mutuel wagering and sports wagering -- Authorized

operation not grounds for revocation or suspension of temporary alcoholic

beverage license -- Tickets presumed abandoned -- License for special

charitable events.

(1) (a) The corporation may promulgate administrative regulations governing and

regulating mutuel wagering on horse races under what is known as the pari -

mutuel system of wagering.

(b) The wagering shall be conducted only by a person licensed under this ch apter

to conduct a race meeting and only upon the licensed premises, and provided

further that only pari -mutuel wagering on simulcasting shall be allowed at

simulcast facilities.

(c) 1. The pari -mutuel system of wagering shall be operated only by a

totalizator or other mechanical equipment approved by the corporation.

The corporation shall not require any particular make of equipment.

2. At the earliest opportunity consistent with existing contractual

provisions, licensed totalizator companies, licensed rac e tracks, and

associations shall:

a. Accelerate the adoption of technologies to promote and aid in the

development of the operation of the wagering systems on live

horse racing;

b. Update the totalizator and other mechanical equipment, which has

been licen sed by the corporation, to include commercially

reasonable access to the betting odds for retail bettors by April 1,

2027; and

c. At a minimum, update technologies related to the pari -mutuel

system of wagering annually.

(2) The corporation may promulgate administrative regulations governing and

regulating sports wagering, including administrative regulations for the deposit of

funds by credit or debit cards or other means of electronic funds transfer. The

corporation may promulgate administrative regulations to establish a fully

functioning sports wagering system within six (6) months after June 29, 2023.

(3) The operation of a pari -mutuel system for betting, or the conduct of sports

wagering, fantasy contests, or fixed -odds wagering, where authorized by law shall

not constitute grounds for the revocation or suspension of any license issued and

held under KRS 242.1238 and 243.265.

(4) Notwithstanding any law to the contrary:

(a) The corporation may promulgate administrative regulations governing all

reported but unclaimed pari -mutuel winning tickets and unredeemed pari -

mutuel vouchers held in this state by any person or association oper ating a

pari-mutuel or similar system of betting authorized under this chapter; and

(b) The unclaimed pari -mutuel winning tickets and unredeemed pari -mutuel

vouchers shall be presumed abandoned if not claimed by the person entitled to

them within one (1) year from the time the ticket was issued.

(5) The corporation may issue a license to conduct pari -mutuel wagering on steeple

chases or other racing over jumps; if all proceeds from the wagering, after expenses

are deducted, is used for charitable purposes. If the dates requested for such a

license have been granted to a track within a forty (40) mile radius of the race site,

the corporation shall not issue a license until it has received written approval from

the affected track. Pari -mutuel wagering licensed and approved under this

subsection shall be limited to four (4) days per year. All racing and wagering

authorized by this subsection shall be conducted in accordance with applicable

administrative regulations promulgated by the corporation.

(6) (a) Licensed associations and tracks shall ensure all wagering is disabled

simultaneously with, but not later than, the moment the starting gate is opened

for commencement of a race.

(b) This subsection shall not prevent the pari -mutuel pools and odds from being

updated after wagering is disabled to reflect all wagers that were placed up to

the moment wagering is disabled.