| What
is Premier Turf Club?
Premier Turf Club (PTC) is a fully licensed and regulated
off-track wagering facility located in Fargo, North
Dakota. PTC is not a bookmaking operation. All wagers
placed by our customers are automatically transmitted
into the actual track pools through the Amtote hub
in Portland, Oregon.
PTC has contractual relationships
with all tracks at which wagers are accepted. Placing
a wager with PTC is the same as placing that wager
at the track. PTC will accept most wagers that the
host track offers on each race and pay full track
odds on every winning wager. PTC provides a real-time
wagering environment. Account balances are updated
as race results become official.
How can I sign up for an account?
You can sign up for an account by completing the on-line
application form. Once you have submitted the completed
application, and your personal information has been
verified, you will be contacted by an employee of
Premier Turf Club who will explain the service in
detail.
Is the service open to everyone?
Our wagering service is available to individuals 21
years of age and older that reside in an eligible
state. Residents of the following states are currently
ineligible to sign up for our service: Alaska, California,
District of Columbia, Georgia, Hawaii, Mississippi,
Nevada, New Jersey, North Carolina, South Carolina,
and Utah. Connecticut customers may not wager though
our internet platform. Some otherwise eligible residents
will be excluded from playing certain tracks. These
are not our rules, but the rules of the state in which
you reside. International residents should contact
our customer service line to discuss their eligibility.
These exclusions will be updated from time to time
as things change.
How can I deposit funds into
my account?
Deposits to your account can be made by credit or
debit card, personal check, money order, cashiers
check or wire transfer.
You can use your Visa, Mastercard
or Discover to fund your wagering account. First time
customers will be able to deposit up to $400 with
a credit card or up to $600 with a debit card. The
minimum initial credit or debit card deposit is $200.
Repeat customers (after a 30 day waiting period) can
deposit up to $1,000 per transaction with a $2,000
per month limit using a debit card, and up to $750
per transaction with a $1,500 per month limit using
a credit card. There is a 3.75% fee for all credit
or debit card transactions.
You may also fund your wagering account
by sending a personal check, money order or cashier's
check. All personal checks are subject to a hold period
to enable check clearance (generally 1-5 business
day hold). PTC accepts money orders and cashiers checks
by mail. All money orders and cashiers check are given
immediate credit after confirmation of validity.
Wire transfers must be drawn on an
account for which the account holder is an owner.
All wire transfers are funded immediately upon receipt
of confirmation.
Please see the Fund Your Account
tab for more detailed information.
How can I withdraw funds from
my account?
All withdrawal requests must be made by telephone.
Withdrawals are available by check, ACH or wire transfer
only. Account Holders are entitled to receive one
wire per month free of charge. Additional wire transfers
during the calendar month may be charged an additional
wire transfer fee.
How can I place a wager?
All account holders may place wagers through the Premier
Turf Club internet wagering website available at www.premierturfclub.com.
Additionally, certain account holders may place wagers
by calling a toll-free number and speaking to a live
telephone operator.
Will my winnings be reported
to the IRS? Will there be withholdings on certain
winning tickets?
In accordance with IRS laws, any wager resulting in
winnings of $600.00 or more must be reported to the
Internal Revenue Service, if the amount of winnings
is at least 300 times the amount wagered. In addition
any wager resulting in winnings over $5,000.00, is
subject to reporting and withholding if the amount
of winnings is at least 300 times the amount wagered.
All winnings subject to reporting and/or withholding
shall be reported and/or withheld by PTC and a copy
of the W2-G Form summarizing the information shall
be sent to the account holder for tax purposes.
How can I find out specific
information about customer cash rewards?
Cash reward schedules will be based upon your average
monthly wagering volume. You will be assigned a rewards
schedule upon PTC's acceptance of your account application.
The customer service representative that contacts
you upon acceptance will communicate that information
to you directly.
When will my rewards be credited?
Rewards are credited automatically at the end of each
business day (or very early the next morning). You
can expect to see your credited rewards by 10 AM (Eastern)
on the next day. While wagering balances are updated
in real-time, rewards are not.
How can I keep track of my play
and my rewards?
The technology team at PTC has created a state-of-the
art player tracking system that allows customers to
generate reports about their play and rewards. The
reports can be stratified by day, track, pool, and
race for any period of time. The wagering report is
available for viewing on-screen or in pdf format report.
We expect to have exporting capabilities for this
information as well in the near future.
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