VICIn ForceRegulation
Gambling Regulations 2015
51Payments into pools
Start here
Get a plain-English read of 51
Turn the raw legal text into a practical explanation grounded in Gambling Regulations 2015.
51 Payments into pools
An operator may, in respect of any event for which the operator conducts a totalisator or approved betting competition, either—
(a) before accepting bets in respect of the event, allocate an amount of money to be used to increase the money available for dividends, guaranteed pool amount or prizes in respect of the totalisator or approved betting competition; or
(b) after ceasing to accept bets in respect of the event, supplement the amount of money available for dividends, guaranteed pool amount or prizes in respect of the totalisator or approved betting competition so as to return a specified minimum dividend or prize.