{"data":{"id":"us-mt/23-5-221","jurisdiction":"us-mt","citation":"23-5-221","heading":"Definition.","body":"As used in this part, \"Calcutta pool\" means a form of auction pool conducted by an organization authorized by the department. The Calcutta pool must be an auction pool in which:\n(1) a person's wager is equal to the person's bid;\n(2) the proceeds from the pool, minus administrative costs and prizes paid, are contributed to a charitable or nonprofit corporation, association, or cause;\n(3) the rules of the pool are publicly posted;\n(4) no more than one wager for each competitor is allowed;\n(5) at least 50% of the total pool is paid out in prizes;\n(6) persons may not bid or wager money on any elementary school or high school sports event; and\n(7) the underlying event has more than two entrants.","path":["TITLE 23. PARKS, RECREATION, SPORTS, AND GAMBLING","CHAPTER 5. GAMBLING","Part 2. Calcutta Pools"],"source_url":"https://mca.legmt.gov/bills/mca/title_0230/chapter_0050/part_0020/section_0210/0230-0050-0020-0210.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:49:54Z","sha256":"69330bb187b5e5e7cfda665adcad47b1a15a31b7d0be594e9a7bffadf56b0c7b","source_id":"us-mt","stale":false,"prev":"us-mt/23-5-212","next":"us-mt/23-5-222"},"notice":"GroundRules: Original legal text. Not legal advice."}