Louisiana Administrative Code › Title 42 - LOUISIANA GAMING › Part VI - Sports Wagering › Chapter 1 - General Provisions › Section VI-103 - Definitions

Current through Register Vol. 50, No. 6, June 20, 2024
A. The provisions
				of the Act relating to definitions, words and terms are hereby incorporated by
				reference and made a part hereof and will therefore apply and govern the
				interpretation of these regulations, unless the context otherwise requires or
				unless specifically redefined in a particular Section. Any word or term not
				defined in these regulations shall have the same meaning ascribed to it in the
				Act. Any word not defined by the Act or these regulations shall be construed in
				accordance with its plain and ordinary meaning.
B. As used in this Chapter, the following
				words and terms shall have the following meanings:
Act
-the provisions of the Louisiana Gaming
				  Control Law,
				  R.S.
				  27:1 et seq. and all provisions of the
				  Louisiana Sports Wagering Act,
				  R.S.
				  27:601 et seq.
Applicant
-the same meaning as the term has
				  in R.S.
				  27:602.
Application
-the same meaning as the term has
				  in R.S.
				  27:602.
Associated Persons
-any person required by
				  the Act or these regulations including, but not limited to,
				  R.S.
				  27:28 and §2107 of Part III of this Title to
				  submit to and meet suitability and any persons the board or division determines
				  needs to submit to and meet suitability on the license including, but not
				  limited to: directors; officers; and managers.
Board
-the same meaning as that term in
				  R.S.
				  27:11.
Business Year
-the same meaning as the term
				  has in §1701 of Part III of this Title.
Canceled Wager
-a sports wager canceled by
				  the operator due to an issue preventing the completion of the event or causing
				  the subject of the bet to cease to exist.
Chairman
-the chairman of the board.
Collegiate Sport or Athletic Event
-a sport
				  or athletic event offered or sponsored by or played in connection with a public
				  or private institution that offers educational services beyond the secondary
				  level.
Confidential Information
-information related
				  to the play of sports wagering by players that is obtained as a result of or by
				  virtue of a person's employment.
Division
-the same meaning as the term has in
				  R.S.
				  27:3.
Economic Interest-
any interest in a licensee
				  or permittee from which a person receives or is entitled to receive, by
				  agreement or otherwise, a profit, gain, thing of value, loss, credit, security
				  interest, ownership interest or other benefit. Economic interest includes
				  voting shares of stock or otherwise exercising control of the date to day
				  operations. Economic interest does not include a debt unless upon review of the
				  instrument, contract, or other evidence of indebtedness, the board or division
				  determines a finding of suitability is required based upon the economic
				  relationship with the licensee or permittee.
Financial Statements
or
Financial
				  Records
-the same meaning as the term has in §1701 of Part III of this
				  Title.
Gaming Employee
-the same meaning as the term
				  has in §1701 of Part III of this Title.
Gaming Employee Permit
or
Employee
				  Permit
-the same meaning as the term has in §1701 of Part III of this
				  Title.
Gaming Equipment
-the same meaning as the
				  term has in §1701 of Part III of this Title, plus any equipment or devices that
				  the board or division finds or determines to be used or expended in sports
				  wagering operations or activities.
Gaming Supplier-
the same meaning as the term
				  has in R.S. 27:3.
Gaming Supplier Permit
-the same meaning as
				  the term has in §1701 of Part III of this Title.
Gaming Supplies
-the same meaning as the term
				  has in §1701 of Part III of this Title, plus services provided to the licensee
				  or permittee that the board or division finds or determines to be used or
				  expended in sports wagering operations or activities.
Geofence
or
Geofencing
-a
				  virtual geographic boundary defined by global positioning system (GPS) or
				  radio-frequency identification (RFID) or other technology that enables software
				  to trigger a response when a mobile device enters or leaves a particular
				  area.
Geolocation-
the process or technique of
				  identifying the geographical location of a person or device by means of digital
				  information processed by digital means.
In-Game Wagering-
a sports wager placed on
				  the outcome of a sports event after the sports event has started and can
				  continue during the course of live play of the sports event.
In-Play Bet
or
Live Bet-
a
				  sports wager placed after the sports event has started on some specific action
				  during the game that does not include the final outcome of the event.
Inactive Account
-a sports wagering account
				  that has not been logged into or has had no activity for a period of three
				  years.
Independent Integrity Monitoring Provider
-an
				  independent individual or entity permitted as a sports wagering service
				  provider and approved by the board to receive reports of unusual wagering
				  activity from an operator for the purpose of assisting in identifying
				  suspicious wagering activity.
Key Gaming Employee
-the same meaning as that
				  term in §1701 of Part III of this Title.
Layoff Bet-
a sports wager placed by an
				  operator with another operator for the purpose of offsetting sports wagers made
				  by players pursuant to the Act.
Non-Gaming Supplier
or
Supplier of
				  Goods or Services Other than Gaming Devices or Gaming Equipment
-the
				  same meaning as the term has in §1701 of Part III of this Title.
Non-Gaming Supplier Permit
-the same meaning
				  as the term has in §1701 of Part III of this Title.
Non-Key Gaming Employee
-the same meaning as
				  the term has in §1701 of Part III of this Title.
Non-Key Gaming Employee Permit
-the same
				  meaning as the term has in §1701 of Part III of this Title.
Parlay Bet
-a sports wager that involves two
				  or more sports wagers combined into one wager.
Prohibited Parish
-a parish in which, at the
				  election held pursuant to
				  R.S.
				  18:1300.24, a majority of the qualified
				  electors in the parish voting on the proposition to authorize sports wagering
				  activities and operations in the parish voted against the proposition.
Prohibited Player
-a person who is prohibited
				  from placing a sports wager for reasons including, but not limited to:
				  prohibited by
				  R.S.
				  27:608; is under the age of 21; has
				  self-restricted or self-excluded from the platform or operator or licensee; or
				  is excluded or prohibited for any other reason.
Prohibited Sports Event
-a sports event
				  prohibited by
				  R.S.
				  27:602 or by the board.
Promotional Play-
non-cashable vouchers,
				  promotional chips, coupons, electronic credits, electronics promotions, scrips,
				  or any other cash equivalent that is provided to the patron by the operator or
				  licensee used for sports wagering.
Proposition Bet-
a sports wager made
				  regarding the occurrence or non-occurrence during a sports event of an event
				  that does not directly affect the final outcome of the sports event.
Segregated Account
-a financial account that
				  segregates the funds of players such that the operator's operational funds may
				  not be commingled.
Sports Governing Body-
an organization that
				  performs a regulatory or sanctioning function over the conduct of a sports
				  event as recognized by the board (e.g. NFL, NBA, NCAA, Olympic
				  Committee).
Sports Wagering Lounge
or
Sports
				  Book Lounge
-an approved area on the premises of a sports wagering
				  licensee where it offers wagering on sports events.
Sports Wagering Ticket
or
Ticket
-a printed record issued or an electronic record
				  maintained by the sports wagering platform that evidences a sports
				  wager.
Spread
-the predicted scoring differential
				  between two persons or teams engaged in a sports event.
Straight Bet
-a sports wager on a single game
				  or single sports event that will be determined by a point spread, money line,
				  or total score.
Suspicious Wagering Activity-
unusual betting
				  activity that cannot be explained and is indicative of match fixing, the
				  manipulation of a sports event, misuse of inside information, money laundering,
				  or other prohibited activity.
Unusual Wagering Activity
-abnormal sports
				  wagering activity exhibited by players and deemed by an operator as a potential
				  indicator of suspicious wagering activity. Unusual wagering activity may
				  include the size of a player's sports wager or increased sports wagering volume
				  on a particular event or sports wager type.
Voided Wager-
a sports wager voided by an
				  employee of the licensee or operator and approved by a supervisor or higher
				  pursuant to the internal controls or house rules.
Voucher
-a printed sports wagering
				  instrument, or digital representation thereof, used in a cashless wagering
				  system that has a fixed dollar wagering value and is redeemable for cash or
				  cash equivalents approved by the board.
AUTHORITY NOTE:
				  Promulgated in accordance with
				  R.S.
				  27:15 and 24.