It seems that Hoosier parimutuel wagering is making bettors who win over $3000 on any type bet, win place show or any type of wager give their ID and sign a form declaring that Hoosier park paid them over 3k or they will not get paid.
This is absurd. No other racetrack in the country does this. Unless you hit an IRS signer of high enough odds on a gimmick there’s no signing nothing or producing your ID. Hoosier has decided among themselves that they can run their parimutuel betting like it’s a casino or bank. This is against the law. PERIOD.
they are claiming they have a right to do it under the “FinCEN” act. But the FinCEN act does not apply to racetracks that offer parimutuel betting
“ FinCEN does not view a horse racetrack that offers pari-mutuel or other forms of wagering only on races held at the track as a casino for purposes of the BSA”
That’s how it reads you can google it.
but Hoosier is doing it anyway and basically “Running off” any kind of decent bettors at their track. So if you choose to bet on races from Hoosier be aware if you do it on site. Better off betting at your ADW so Hoosier doesn’t make a nickel off your wagers.
