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Betting, Gaming and Lotteries Act 1963, Paragraph 13 is up to date with all changes known to be in force on or before 31 May 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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13E+W+SSubject to paragraphs 14 to 19 of this Schedule, the pool betting business carried on by any registered pool promoter shall comply with the following requirements—
(a)it shall take the form of the promotion of competitions for prizes for making forecasts as to sporting or other events, the bets being entries in the competitions and the winnings in respect of the bets being the prizes or shares in the prizes;
(b)each bet shall be an entry in a particular competition;
(c)the stakes and the winnings shall be wholly in money;
(d)in each competition, the prizes shall be equally available for all the bets, and accordingly the question which bets qualify for, or for shares in, the prize or prizes and, save so far as it depends on the amounts staked, the amounts of the respective shares in the prizes, shall be determined solely by the relative success of the forecasts embodied in the respective bets;
[F1(e)the total amount payable by way of winnings shall, in the case of each competition, be calculated in accordance with paragraph 13A of this Schedule;]
(f)the rules applying to the competition shall be notified [F2to the Commissioners of Customs and Excise and] to the accountant before the first of the relevant sporting or other events takes place.
Textual Amendments
F1Sch. 2 para. 13(e) substituted (14.11.1994) by 1993 c. 39, s. 58(2); S.I. 1994/2659, art.2
F2Words inserted by Finance Act 1967 (c. 54), s. 7(8)
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