![]() ![]() ![]() Following completion of the race, the prize pool is disbursed amongst the first 3 places. At the completion of the auction, 50% of the sale price for the horse goes to the person who drew the ticket and 50% goes into the prize pool. If you are the highest bidder, you 'own' that horse. Following this, an auction takes place where anyone at the Calcutta sweep bid for each horse in the race – it does not matter if your ticket was not drawn. If your ticket is drawn, you temporarily 'own' that horse. Organisations hold Calcutta sweeps on horse races where people buy tickets for the chance to be allocated a horse. This article focuses on Calcutta sweeps and whether you are required to obtain a gaming licence to meet regulatory requirements. Throughout racing carnival season in Australia, many organisations hold Calcutta sweeps, and it is imperative that organisations consider the gaming licence requirements for not-for-profit or charitable competitions and games. As featured in the June 2022 Edition of the QHA Review
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