§602. Definitions
For purposes of this Chapter, the following terms have the following meanings
ascribed to them unless the context clearly indicates 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 board seeking a license or permit, or the renewal of a license or permit.
(3)"Application" means the forms and schedules prescribed by the board upon which
an applicant seeks a license or permit, or the renewal of a license or permit. An application
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§602. Definitions
For purposes of this Chapter, the following terms have the following meanings
ascribed to them unless the context clearly indicates 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 board seeking a license or permit, or the renewal of a license or permit.
(3) "Application" means the forms and schedules prescribed by the board upon which
an applicant seeks a license or permit, or the renewal of a license or permit. An application
shall also include any other information or fee required by the board to be submitted with an
application such as disclosure statements, financial statements, and any type of fees.
(4) "Board" means the Louisiana Gaming Control Board, as established by R.S.
27:11.
(5) "Business or legal entity" shall have the same meaning as that term is defined in
R.S. 27:3.
(6) "Division" shall have the same meaning as that term is defined in R.S. 27:3.
(7) "Electronic sports wagering" means sports wagering via a sports wagering
mechanism on a licensee's premises or through a website or mobile application.
(8) "License" means a license or authorization to operate, or to contract with a sports
wagering platform provider to operate, a sports book in this state in compliance with the
provisions of this Chapter.
(9) "Licensee" means any person issued a license by the board.
(10) "Louisiana State Racing Commission" means the commission established in
R.S. 4:144.
(11) "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 the player's sports wagering account.
(12) "Mobile wagering" means wagering on a sports event through a website or
mobile application.
(13) "Net gaming proceeds" means the amount equal to the total gross revenue of all
wagers placed by patrons less the total amount of all winnings paid out to patrons and the
amount of eligible promotional play determined pursuant to R.S. 27:627. "Net gaming
proceeds" shall not include wagers placed by patrons on racehorse wagering or winnings paid
out to patrons on racehorse wagering.
(14) "Operator" or "sports wagering operator" means the entity that actually books
a sports wager. The operator may be:
(a) The licensee who manages and operates a sports book itself.
(b) The licensee's contracted sports wagering platform provider, in accordance with
the scope of that contract, when the licensee chooses to contract the management and
operation of all or a portion of its sports book line-of-business with a platform provider.
(15) "Patron" or "player" means an individual who places a wager on a sports event.
(16) "Permit" has the same meaning as that term is defined in R.S. 27:3.
(17) "Permittee" has the same meaning as that term is defined in R.S. 27:3.
(18) "Person" has the same meaning as that term is defined in R.S. 27:3.
(19)(a) "Racehorse wagering" means wagers placed on horse racing conducted under
the pari-mutuel form of wagering that are accepted by an offtrack wagering facility licensee
as defined in R.S. 4:211 in accordance with the provisions of Chapter 4 of Title 4 of the
Louisiana Revised Statutes of 1950, and a board and Louisiana State Racing Commission
approved agreement between the licensee and the offtrack wagering facility licensee or a
board and Louisiana State Racing Commission approved plan of operation.
(b) "Fixed odds wagering on horse races" means the acceptance of sports wagers on
a sports event of a live or simulcast horse race with predetermined odds. Fixed odds
wagering on horse races shall only occur in strict compliance with R.S. 27:612. The wager
may be combined with other sports wagers on other sporting events as authorized by this
Chapter.
(20) "Representation of value" means tokens, chips, vouchers, coupons, or electronic
cards that are issued by the licensee and authorized for use in sports wagering by rules and
regulations promulgated by the board.
(21) "Sports book" means the offering of sports wagering by an operator on a
licensee's premises or through a sports wagering platform.
(22)(a) "Sports event" means any professional sport or athletic event, any collegiate
sport or athletic event, any amateur sport or athletic event, any Olympic or international
sports competition event, any competitive video game or other electronic sports event, or any
other special event or competition of relative skill as authorized by the board to be a sports
event for purposes of this Chapter.
(b) A "sports event" may include racing as defined in R.S. 4:143 and subject to the
requirements set forth in R.S. 27:612.
(c) "Sports event" shall not include high school sports, youth events, any
international sports events where the majority of the participants are under the age of
eighteen years, fantasy sports contests as provided in Chapter 6 of this Title, and any event
prohibited by law.
(23) "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.
(24) "Sports wagering" means the acceptance of wagers on sports events or on
portions of a sports event or on the individual performance or statistics of athletes or
participants in a sports event or a combination of sports events, by any system or method of
wagering.
(25) "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.
(26) "Sports wagering mechanism" or "kiosk" means a board-approved self-service
mechanical, electrical, or computerized terminal, device, apparatus, or piece of equipment
that is directly tied to a licensee's approved sports wagering platform that allows a patron to
place a sports wager in a board-approved location on a licensee's premises. "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.
(27) "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 in accordance with this Chapter.
(28) "Sports wagering platform provider" means a suitable business or legal entity
that holds a permit from the board to engage in the operation of a sports book on behalf of
a licensee.