(1) Any licensed racetrack desiring to own and operate a teleracing facility shall submit a feasibility study and plan of operation to the State Racing Commission along with the application therefor.
(2) The feasibility study shall include: (a) The number of teleracing facilities requested and location of each teleracing facility requested; (b) The potential market; (c) The estimated costs of operation; and (d) The probable impact of the proposed operation on racetrack attendance and parimutuel wagering within the area served by such racetrack.
(3) The plan of operation shall include the following: (a) A narrative description of the system and how it works; (b) The types and approximate cost of data processing, communication, and transmission facilities that will be utilized, including any backup systems; and (c) Security measures. The commission may request additional information from the applicant.