2023 Louisiana Laws › Revised Statutes › Title 47 - Revenue and Taxation › §47:9002. Definitions

RS 47:9002 - Definitions
As used in this Subtitle, the following words and phrases shall have the following meanings unless the context clearly requires otherwise:
(1) "Anti-money laundering standards" or "AML" means the requirements and guidelines provided in the federal Bank Secrecy Act of 1970, as amended, and the Anti-Money Laundering Act of 2020, as amended, for the prevention and detection of money laundering and the financing of terrorism.
(2) "Applicant" means a person, business, or legal entity who has submitted an application to the corporation seeking a permit or the renewal of a permit.
(3) "Application" means the forms and schedules prescribed by the corporation upon which an applicant seeks a permit or the renewal of a permit. An application shall also include any other information or fee required by the corporation to be submitted with an application such as disclosure statements, financial statements, and any type of fee.
(4) "Board" means the board of directors of the Louisiana Lottery Corporation.
(5) "Corporation" means the Louisiana Lottery Corporation.
(6) "Distributor" means a permitted business or legal entity that is domiciled in this state and markets, buys, sells, leases, services, or repairs sports wagering mechanisms in this state.
(7) "Electronic sports wagering" means sports wagering via a sports wagering mechanism on the premises of a permitted retail establishment or via a website or mobile application.
(8) "Lottery" means any game of chance approved by the corporation and operated pursuant to this Chapter and shall not include sports wagering authorized pursuant to this Subtitle.
(9) "Major procurement" means any item, product, or service in the amount of one hundred thousand dollars or more, including but not limited to major advertising contracts, annuity contracts, prize products, and services unique to the Louisiana lottery, but not including materials, supplies, equipment, and services common to the ordinary operations of a corporation.
(10) "Mobile application" means an application on a mobile phone or other device through which a player is able to register, fund, and place a wager with an operator on a sports event and receive a credit on their sports wagering account.
(11) "Mobile wagering" means wagering on a sports event through a website or mobile application.
(12) "Net gaming proceeds" means the amount equal to the total gross revenue of all sports wagers placed by patrons less the total amount of all winnings paid out to patrons.
(13) "Net proceeds" means gross lottery revenues less amounts paid or estimated to be paid as prizes and expenses of operation of the lottery.
(14) "Patron" or "player" means an individual who places a wager on a sports event.
(15) "Permit" means any permit or authorization, or application therefor, issued pursuant to the provisions of this Subtitle.
(16) "Permittee" means any person who is issued a permit pursuant to the provisions of this Subtitle.
(17) "Person" means any individual, corporation, partnership, unincorporated association, or other legal entity.
(18) "President" means the president of the Louisiana Lottery Corporation, who shall also serve as chief executive officer of the corporation.
(19) "Retail establishment" means a retail business that is permitted by the corporation to host a sports wagering mechanism.
(20) "Retailer" means any person with whom the corporation has contracted to sell lottery tickets to the public.
(21) "Security" means the protection of information that would provide an unfair advantage to any individual involved in the operation of the lottery, protection and preservation of the integrity of lottery games and operations, as well as measures taken to prevent crimes against the corporation and its retailers.
(22) "Sports book" means the offering of sports wagering by a sports wagering platform provider on the premises of a permitted retail establishment or through a sports wagering platform.
(23) "Sports event" means any professional sport or athletic event, any collegiate sport or athletic event, any Olympic or international sports competition event, or any other special event or competition of relative skill as authorized by the corporation to be a sports event for purposes of this Chapter. "Sports event" shall not include high school sports, youth events, any international sports events where the majority of the athletes are under the age of eighteen years old, electronic sports, competitive video games, fantasy sports contests as provided in Chapter 6 of Title 27 of the Louisiana Revised Statutes of 1950, and any event prohibited by law.
(24) "Sports wager" or "sports bet" means a sum of money or representation of value risked by a player on an occurrence associated with a sports event for which the outcome is uncertain. The term includes but is not limited to single-game bets, teaser bets, parlay bets, over-under bets, moneyline bets, pools, exchange wagering, in-game wagering, in-play bets, proposition bets, and straight bets.
(25) "Sports wagering" means the acceptance of a wager on a sports event or on a portion of a sports event or on the individual performance or statistics of an athlete or participant in a sports event or a combination of sports events, by any system or method of wagering.
(26) "Sports wagering account" means an electronic financial record established with an operator for an individual patron in which the patron may deposit and withdraw funds for sports wagering and other authorized purchases and to which the operator may credit winnings or other amounts due to that patron or authorized by that patron.
(27) "Sports wagering mechanism" or "kiosk" means a corporation approved self-service mechanical, electrical, or computerized terminal, device, apparatus, or piece of equipment that is directly tied to the central system of the sports wagering platform provider approved by and contracting with the corporation, which allows a patron to place a sports wager on premises of a permitted retail establishment. "Sports wagering mechanism" does not include a personal computer, mobile phone, or other device owned and used by a player to wager on a sports event.
(28) "Sports wagering platform" means an integrated system of hardware, software, or applications, including mobile applications and servers, through which an operator conducts the business of offering sports wagering conducted in accordance with this Subtitle.
(29) "Sports wagering platform provider" or "operator" means a suitable person that holds a permit from the corporation to engage in the operation of a sports book on behalf of the corporation.
(30) "Vendor" means any person who has entered into a major procurement contract with the corporation.
Acts 1990, No. 1045, §1, eff. Nov. 7, 1990; Acts 2021, No. 80, §4, eff. July 1, 2021.