§9002. Definitions
As used in this Subtitle, the following words and phrases shall have the following
meanings unless the context clearly requires 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 corporation seeking a permit or the renewal of a permit.
(3)"Application" means the forms and schedules prescribed by the corporation upon
which an applicant seeks a permit or the renewal of a permit. An application shall also
include any other information
Free access — add to your briefcase to read the full text and ask questions with AI
§9002. Definitions
As used in this Subtitle, the following words and phrases shall have the following
meanings unless the context clearly requires 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 corporation seeking a permit or the renewal of a permit.
(3) "Application" means the forms and schedules prescribed by the corporation upon
which an applicant seeks a permit or the renewal of a permit. An application shall also
include any other information or fee required by the corporation to be submitted with an
application such as disclosure statements, financial statements, and any type of fee.
(4) "Board" means the board of directors of the Louisiana Lottery Corporation.
(5) "Corporation" means the Louisiana Lottery Corporation.
(6) "Distributor" means a permitted business or legal entity that is domiciled in this
state and markets, buys, sells, leases, services, or repairs sports wagering mechanisms in this
state.
(7) "Electronic sports wagering" means sports wagering via a sports wagering
mechanism on the premises of a permitted retail establishment or via a website or mobile
application.
(8) "Lottery" means any game of chance approved by the corporation and operated
pursuant to this Chapter and shall not include sports wagering authorized pursuant to this
Subtitle.
(9) "Major procurement" means any item, product, or service in the amount of one
hundred thousand dollars or more, including but not limited to major advertising contracts,
annuity contracts, prize products, and services unique to the Louisiana lottery, but not
including materials, supplies, equipment, and services common to the ordinary operations
of a corporation.
(10) "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 their sports wagering account.
(11) "Mobile wagering" means wagering on a sports event through a website or
mobile application.
(12) "Net gaming proceeds" means the amount equal to the total gross revenue of all
sports wagers placed by patrons less the total amount of all winnings paid out to patrons.
(13) "Net proceeds" means gross lottery revenues less amounts paid or estimated to
be paid as prizes and expenses of operation of the lottery.
(14) "Patron" or "player" means an individual who places a wager on a sports event.
(15) "Permit" means any permit or authorization, or application therefor, issued
pursuant to the provisions of this Subtitle.
(16) "Permittee" means any person who is issued a permit pursuant to the provisions
of this Subtitle.
(17) "Person" means any individual, corporation, partnership, unincorporated
association, or other legal entity.
(18) "President" means the president of the Louisiana Lottery Corporation, who shall
also serve as chief executive officer of the corporation.
(19) "Retail establishment" means a retail business that is permitted by the
corporation to host a sports wagering mechanism.
(20) "Retailer" means any person with whom the corporation has contracted to sell
lottery tickets to the public.
(21) "Security" means the protection of information that would provide an unfair
advantage to any individual involved in the operation of the lottery, protection and
preservation of the integrity of lottery games and operations, as well as measures taken to
prevent crimes against the corporation and its retailers.
(22) "Sports book" means the offering of sports wagering by a sports wagering
platform provider on the premises of a permitted retail establishment or through a sports
wagering platform.
(23) "Sports event" means any professional sport or athletic event, any collegiate
sport or athletic event, any Olympic or international sports competition event, or any other
special event or competition of relative skill as authorized by the corporation to be a sports
event for purposes of this Chapter. "Sports event" shall not include high school sports, youth
events, any international sports events where the majority of the athletes are under the age
of eighteen years old, electronic sports, competitive video games, fantasy sports contests as
provided in Chapter 6 of Title 27 of the Louisiana Revised Statutes of 1950, and any event
prohibited by law.
(24) "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.
(25) "Sports wagering" means the acceptance of a wager on a sports event or on a
portion of a sports event or on the individual performance or statistics of an athlete or
participant in a sports event or a combination of sports events, by any system or method of
wagering.
(26) "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.
(27) "Sports wagering mechanism" or "kiosk" means a corporation approved self-service mechanical, electrical, or computerized terminal, device, apparatus, or piece of
equipment that is directly tied to the central system of the sports wagering platform provider
approved by and contracting with the corporation, which allows a patron to place a sports
wager on premises of a permitted retail establishment. "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.
(28) "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 conducted in accordance with this Subtitle.
(29) "Sports wagering platform provider" or "operator" means a suitable person that
holds a permit from the corporation to engage in the operation of a sports book on behalf of
the corporation.
(30) "Vendor" means any person who has entered into a major procurement contract
with the corporation.