Iowa Administrative Code › Agency 491 - Racing and Gaming Commission › Chapter 14 - Fantasy Sports Contests › Rule 491-14.1 - Definitions

Current through Register Vol. 47, No. 3, July 24, 2024
As used in these rules, unless the context otherwise requires,
				the following definitions apply:
"Administrator"
means the administrator of the
				racing and gaming commission or the administrator's designee.
"Applicant"
means an internet fantasy sports
				contest service provider applying for a license to conduct internet fantasy
				sports contests under this chapter.
"Commission"
means the state racing and gaming
				commission created under Iowa Code section
				99D.5.
"Entry fee"
means cash or cash equivalent that
				is required to be paid by an internet fantasy sports contest player to an
				internet fantasy sports contest service provider in order to participate in a
				fantasy sports contest.
"Fantasy sports contest"
or
"contest"
means a fantasy or simulated game or contest in
				which:
1. The fantasy sports contest
			 operator is not a participant in the game or contest;
2. The value of all prizes and awards offered
			 to winning participants are established and made known to the participants in
			 advance of the contest;
3. All
			 winning outcomes reflect the relative knowledge and skill of the
			 participants;
4. The outcome shall
			 be determined by accumulated statistical results of the performance of
			 individuals, including athletes in the case of sporting events; and
5. No winning outcome is solely based on the
			 score, point spread, or any performance or performances of any single actual
			 team or solely on any single performance of an individual athlete or player in
			 any single actual event.
"Fantasy sports contest service provider"
means a person, including a licensee under Iowa Code chapter 99D, 99E or 99F,
				who conducts an internet fantasy sports contest as authorized by this
				chapter.
"Highly experienced player"
means a person who
				has entered more than 1,000 contests conducted by a single fantasy sports
				contest service provider or has won more than three fantasy sports contest
				prizes of $1,000 or more from a single fantasy sports contest service provider.
				A fantasy sports contest provider may declare other players a "highly
				experienced player" so long as the provider's criteria for declaration would
				include players previously declared a "highly experienced player" by the
				provider.
"Internal controls"
means the fantasy sports
				contest service provider's system of internal controls.
"Licensee"
means any person licensed under
				Iowa Code section 99E.5 to conduct internet
				fantasy sports contests.
"Location percentage"
means, for each internet
				fantasy sports contest, the percentage, rounded to the nearest tenth of a
				percent, equal to the total charges and fees collected from all internet
				fantasy sports contest players located in this state divided by the total
				charges and fees collected from all participants in the internet fantasy sports
				contest.
"Net revenue"
means an amount equal to the
				total entry and administrative fees collected from all participants entering
				fantasy sports contests less winnings paid to participants in the contest,
				multiplied by the location percentage.
"Player"
or
"customer"
means
				a person who is at least 21 years of age and participates in an internet
				fantasy sports contest operated by an internet fantasy sports contest service
				provider.
"Prize"
means anything of value, including
				cash or a cash equivalent, contest credits, merchandise or entry to another
				contest in which a prize may be awarded.
"Script"
means a list of commands that a
				fantasy sports-related computer program can execute and is created by fantasy
				sports players, or by third parties for the use of all players, to automate
				processes on a fantasy sports contest internet platform.