Montana § 23-5-221 Definition

Montana Statutes

§ 23-5-221 — Definition

Montana § 23-5-221

Title 23PARKS, RECREATION, SPORTS, AND GAMBLING

Ch. 5GAMBLING

Part 2Calcutta Pools

This text of Montana § 23-5-221 (Definition) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 23-5-221 (2026).

Text

23-5-221 . Definition. 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:

(1)a person's wager is equal to the person's bid;

(2)the proceeds from the pool, minus administrative costs and prizes paid, are contributed to a charitable or nonprofit corporation, association, or cause;

(3)the rules of the pool are publicly posted;

(4)no more than one wager for each competitor is allowed;

(5)at least 50% of the total pool is paid out in prizes;

(6)persons may not bid or wager money on any elementary school or high school sports event; and

(7)the underlying event has more than two entrants.

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23-5-221 . Definition. 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:
(1) a person's wager is equal to the person's bid;
(2) the proceeds from the pool, minus administrative costs and prizes paid, are contributed to a charitable or nonprofit corporation, association, or cause;
(3) the rules of the pool are publicly posted;
(4) no more than one wager for each competitor is allowed;
(5) at least 50% of the total pool is paid out in prizes;
(6) persons may not bid or wager money on any elementary school or high school sports event; and
(7) the underlying event has more than two entrants.

Legislative History

En. Sec. 1, Ch. 550, L. 1987; amd. Sec. 60, Ch. 642, L. 1989; Sec. 23-5-1101 , MCA 1987; redes. 23-5-221 by Code Commissioner, 1989; amd. Sec. 371, Ch. 56, L. 2009.