Administrative Rules of Montana › Department 8 - COMMERCE › Chapter 8.22 - BOARD OF HORSE RACING › Subchapter 8.22.39 - Parimutuel Wagering on Fantasy Sports Leagues › Rule 8.22.3901 - DEFINITIONS

Current through Register Vol. 13, July 5, 2024
(1) "Administrative week" means an upcoming
				identified weekly period of Wednesday through the following Tuesday.
(2) "Board" means the Montana Board of Horse
				Racing provided for in
				2-15-3106,
				MCA.
(3) "Breakage" means the odd
				cents over a multiple of ten cents arising from the computation of odds and
				payoffs on parimutuel fantasy sports wagers.
(4) "Common parimutuel pool" means a
				parimutuel wagering pool consisting of the parimutuel fantasy sports wagers
				placed at two or more licensed parimutuel facilities in Montana.
(5) "Fantasy sports coordinator" means an
				official hired by the Department of Commerce (department) to regulate, audit,
				approve network operating plans, approve league rules, receive point totals
				from network, designate point totals as "official," annually approve the
				information service to be used by the network, and control and supervise
				overall conduct and operation of parimutuel fantasy sports wagering.
(6) "Fantasy sports league" has the meaning
				found at
				23-5-801,
				MCA.
(7) "Fantasy sports parimutuel
				system" means a computerized system or component of a system that is used to
				receive wagering information from and transmit pool data to a parimutuel
				network.
(8) "Fantasy sports
				parimutuel wager" means a parimutuel wager at a licensed parimutuel facility in
				Montana, through a fantasy sports league, on professional sporting events
				offered as part of a common parimutuel pool.
(9) "Information service" means a person or
				entity chosen annually by the fantasy sports coordinator to sell or provide
				information to the licensed fantasy sports parimutuel network, from among those
				services providing statistics from the individual sport's sanctioning body, and
				gather statistics on professional team and individual performances, which
				information is used to create rosters or programs of available professional
				sports players and teams.
(10)
				"League member" means a person at least 18 years of age who participates in
				fantasy sports parimutuel wagering at a Montana-licensed fantasy sports
				parimutuel facility. The term does not include a corporation, partnership,
				limited liability company, trust, estate, or any other entity.
(11) "Official league rules" means a set of
				operating guidelines and requirements proposed by the network director and
				subsequently approved by the fantasy sports coordinator, to govern selection of
				individual sport, selection of players, method of point calculation or scoring,
				and other information within parameters set by board rule. The rules must be
				available to each league member and provided upon request. Each set of official
				league rules must be approved by the fantasy sports coordinator and made
				official before being used by the network or a parimutuel facility.
(12) "Parimutuel facility" has the meaning
				found in
				23-4-101,
				MCA, as a facility licensed by the board at which fantasy sports leagues are
				conducted and wagering on the outcome under a parimutuel system is permitted.
				In addition, the parimutuel facility must be licensed pursuant to the provision
				of Title 23, chapter 4, MCA, and ARM
				32.28.2206.
(13) "Parimutuel hub" means a system to which
				the parimutuel network will be connected, and which monitors all fantasy sports
				parimutuel wagering in Montana.
(14) "Parimutuel network" has the meaning
				found at
				23-4-101,
				MCA, as an association licensed by the board to compile and distribute fantasy
				sports league rosters and weekly point totals for licensed parimutuel
				facilities and to manage statewide parimutuel wagering pools on fantasy sports
				leagues. In addition, the term includes a person engaged in providing the
				parimutuel fantasy sports system or service directly related to the
				reconciliation of a common fantasy sports parimutuel pool and transfer of funds
				between the participating fantasy sports parimutuel facilities. A parimutuel
				network must be physically located in Montana and operated in
				Montana.
(15) "Parimutuel network
				director" means a person or office licensed by the board to solicit facility
				sites for the network, provide equipment to connect to the parimutuel hub,
				verify all takeout amounts are collected from the facilities and distributed to
				the board, advertise, promote, select individual fantasy sports games in which
				the network may participate, and calculate point totals for professional
				players or teams based on previously-defined rules for award of
				points.
(16) "Pool data" means data
				regarding the results, payoffs, odds or payoff prices, and the aggregate amount
				of parimutuel fantasy sports wagers accepted on each professional sporting
				event by all parimutuel fantasy sports facilities.
(17) "Roster" or "program" means a list of
				eligible professional sports participants for the appropriate period; eligible
				specific professional sports races, games, matches, or contests for the
				appropriate period; and types of combination wagers eligible to be placed for
				that sport in that period. The roster or program must be prepared by the
				Montana licensed parimutuel network for fantasy sports, and must be provided to
				each league member.
(18) "Sporting
				event" means an individual race, game, match, or contest, and any group,
				series, or part thereof from a given professional sport. The term does not
				include horse or dog races.
(19)
				"Takeout" means an amount retained and not returned to patrons by a licensed
				parimutuel fantasy sports facility from the aggregate amount of parimutuel
				fantasy sports wagers.
(20) "Team"
				means a fictitious team of not less than two players composed of athletes from
				a given professional sport.
(21)
				"Wagering information" means the amount of parimutuel fantasy sports wagers
				accepted for each sporting event by a single parimutuel fantasy sports
				facility.
(22) "Wagering period"
				means a period of time as defined by league rule for a single or multiple day
				event.
AUTH:
					 23-4-104,
					 23-4-202,
					 MCA IMP,
					 23-4-101,
					 23-4-104,
					 23-4-201,
					 23-4-202,
					 23-4-301,
					 23-4-302,
					 23-4-304,
					 23-5-801,
					 23-5-802,
					 23-5-805,
					 23-5-806,
					 MCA