1 Colo. Code Regs. § 210-1-02
Current through Register Vol. 47, No. 24, December 25, 2024
Section 1 CCR 210-1-02 - DefinitionsThe following definitions of terms, in addition to those set forth in section 44-33-103, C.R.S., shall apply to all rules and regulations promulgated pursuant to section 44-33-108, C.R.S.:
(1) "Cash prize payment" means any cash award that results from a specific wager connected with limited gaming, sports betting, or pari-mutuel wagering for which the licensee is required to file form W-2G, or a substantially equivalent form with the United States Internal Revenue Service (IRS). Cash prize payment does not apply to the awarding of merchandise or other non-cash items. Cash prize payment does not apply to promotional awards, loyalty program awards or other cash prize awards not associated with a specific wagering event.(2) "Outstanding debt" is a collective term meaning the aggregate debt certified by all departments to the registry operator. An outstanding debt may not be less than three hundred dollars.(3) "Payout amount" means the amount of any cash prize payment due to the winner of the cash prize, minus all state and federal taxes withheld, if such taxes are withheld.(4) "Licensee" includes casino, internet sports betting operator, off-track betting facility, racetrack, or sports betting operator.47 CR 03, February 10, 2024, effective 3/1/2024