Definitions applicable to this part 15 also
appear in section 44-30-103 and article 1 of this title 44. As used in this part 15,
unless the context otherwise requires:
(1) Casino means a licensed gaming establishment as defined in section
44-30-103 (18).
(2) Collegiate sports event means a sports event offered or sponsored by
or played in connection with a public or private institution that offers educational
services beyond the secondary level.
(3) Fantasy sports activity means the conduct of, or participation in, a
fantasy contest as defined in section 44-30-1603 (4).
(4) Internet sports betting operation means a sports betting operation in
which wagers on sports events are made through a computer or mobile or
interactive device and accepted by an internet sports betting operator.
(5) Internet sports betting operator means a person licensed by the
commission to operate an internet sports betting operation.
(6) Master license means a sports betting license, issued by the
commission pursuant to section 44-30-1505 (1)(a), that authorizes the licensee to
either conduct sports betting and internet sports betting itself or contract with a
sports betting operator, an internet sports betting operator, or both, to conduct
sports betting.
(7) (a) Net sports betting proceeds means the total amount of all bets
placed by players in a sports betting operation or internet sports betting operation,
less all payments to players, less free bets as described in subsection (7)(c) of this
section, and less all excise taxes paid pursuant to federal law. Payments to players
include all payments of cash premiums, merchandise, or any other thing of value.
(b) Repealed.
(c) (I) On and after January 1, 2023, through June 30, 2026, when determining
the free bets deduction used for calculating net sports betting proceeds each
month, as described in subsection (7)(a) of this section, a sports betting operator or
internet sports betting operator shall include only a portion of the total free bets
placed by players with the sports betting operator or internet sports betting
operator, as follows:
(A) On and after January 1, 2023, through June 30, 2024, no more than two
and one-half percent of the total amount of all bets placed by players with that
sports betting operator or internet sports betting operator each month;
(B) On and after July 1, 2024, through June 30, 2025, no more than two and
one-fourth percent of the total amount of all bets placed by players with that
sports betting operator or internet sports betting operator each month;
(C) On and after July 1, 2025, through December 31, 2025, no more than two
percent of the total amount of all bets placed by players with that sports betting
operator or internet sports betting operator each month; and
(D) On and after January 1, 2026, through June 30, 2026, no more than one
percent of the total amount of all bets placed by players with that sports betting
operator or internet sports betting operator each month.
(I.5) On and after July 1, 2026, a sports betting operator or internet sports
betting operator shall not deduct any free bets placed by players with the sports
betting operator or internet sports betting operator.
(II) For the purposes of subsection (7)(c)(I) of this section, a sports betting
operator or internet sports betting operator shall not:
(A) Carry over to the next month any free bets placed in excess of the
deduction allowed for any month; or
(B) Carry forward any unused free bet credits accumulated before January 1,
2023.
(8) Prohibited sports event means:
(a) A high school sports event;
(b) A video game that is not sanctioned by a sports governing body as an
electronic competition; and
(c) Only with respect to proposition bets, a collegiate sports event.
(9) Sports betting license means any of the licenses specified in section
44-30-1505 (1).
(10) Sports betting operation means a licensed wagering operation in
which bets are placed on sports events through any system or method of wagering,
including single-game bets, teaser bets, parlays, over-under, moneyline, pools,
exchange wagering, in-game wagering, in-play bets, proposition bets other than
those relating to collegiate sports events, or straight bets.
(11) Sports betting operator means a person that is licensed to operate a
sports betting operation in which customers place bets in person at a designated
physical location.
(12) (a) Sports event means:
(I) Any individual or team sport or athletic event in which the outcome is not
determined solely by chance, whether amateur or professional, including an
Olympic or international sport or athletic event and any collegiate sports event;
(II) Any portion of a sport or athletic event listed in subsection (12)(a)(I) of this
section, including the individual performance statistics of athletes in a sports event
or combination of sports events;
(III) A sanctioned motor sport, as authorized by the commission by rule; and
(IV) Any other sports event or combination of sports events as authorized by
the commission by rule.
(b) Sports event does not include a prohibited sports event or a fantasy
sports activity.
(13) Sports governing body means an organization that performs a
regulatory or sanctioning function over the conduct of a sports event.