7 Pa. Code § 191.2

Current through Register Vol. 54, No. 36, September 7, 2024
Section 191.2 - Definitions

The following words and terms, when used in this part, have the following meanings, unless the context clearly indicates otherwise:

Account-An account for account wagering with a specific identifiable record of deposits, wagers and withdrawals established by an account holder and managed by the licensed racing entity or secondary pari-mutuel organization.

Advance deposit account wagering system -ADW system-A system by which wagers are debited and payouts are credited to an advance deposit account held by a licensed racing entity or by its licensed racing vendor or secondary pari-mutuel organization on behalf of a person.

Authorized Pari-Mutuel Wagering Entity -APWE-A duly licensed racing entity, a licensed racing vendor or a licensed SPMO which engage in or conduct all forms of pari-mutuel wagering, including licensed advanced deposit wagering.

Carryover-The non-distributed pool moneys which are retained and added to a corresponding pool in accordance with these regulations.

Common Pool Wagering-A pari-mutuel wagering pool administered in one jurisdiction which includes legal wagers of a single type placed in more than one jurisdiction on a race or series of races.

Expired ticket-An outstanding ticket which was not presented for redemption within the required time period for which it was issued in accordance with the Commission's regulations.

Independent Real Time Monitoring System-A system approved by the Commission for the purpose of immediate and continuous analysis of wagering and other pari-mutuel systems data to detect suspect wagering transactions or other activity indicating a possible problem relating to the integrity of the pari-mutuel system and which transmits transactional level data to a wagering security database.

Interstate off-track wager-A legal wager placed or accepted in one state with respect to the outcome of a horse race taking place in another state and includes pari-mutuel wagers, where lawful in each state involved, placed or transmitted by an individual in one state by means of telephone or other electronic media and accepted by an off-track betting system in the same or another state, as well as the combination of any pari-mutuel wagering pools.

Licensed Racing Entity-Any person that has obtained a license to conduct live thoroughbred or harness horse race meetings respectively with pari-mutuel wagering from the Commission.

Live Racing Event Host-A licensed racing entity where live horse racing is conducted and on which pari-mutuel wagering is conducted by secondary pari-mutuel organizations.

Net amount wagered-The amount wagered reduced by the retention imposed under the laws of the Commonwealth or another jurisdiction.

On-track wager-A wager with respect to the outcome of a horse race which is placed at the racetrack at which the horse race takes place.

Pari-Mutuel Cash Voucher-a document or card produced by a pari-mutuel system device on which a stored cash value is represented and the value of which is recorded in and redeemed through the pari-mutuel system.

Pari-Mutuel Pool Host-A licensed racing entity that operates and controls access of secondary pari-mutuel organizations to, a pari-mutuel pool.

Pari-Mutuel Ticket-A document printed or record produced by a pari-mutuel system device on which is represented a pari-mutuel wager or wagers that have been authorized and accepted for purposes of participation in a pari-mutuel pool.

Pari-Mutuel System-The hardware, software and communications equipment used to record wagers, calculate payouts for winning wagers, and transmits wagering transactions and pari-mutuel pool data for display to patrons and to communicate with other pari-mutuel systems linked to facilitate common pool wagering.

Pari-Mutuel Wagering-A form of wagering, including manual, electronic, computerized and other forms as approved by the Commission, on the outcome of a horse racing event in which all wagers are pooled and held by authorized pari-mutuel wagering entities for distribution of the total amount, less the deductions authorized by law, to holders of winning tickets.

Payout-The amount of money payable to winning wagers.

Real Time Transaction Monitoring System -An operating system that can respond to input immediately, within the actual time in the real world during which an event takes place. The system must be able to react to a steady flow of new information without interruption and perform its tasks within the same time constraints as the totalisator system it monitors.

Simulcast-Live video and audio transmission of a race and pari-mutuel information for the purpose of pari-mutuel wagering at locations other than a licensed association where the race is run.

Takeout-The total amount of money, excluding breakage, withheld from each pari-mutuel pool, as authorized by section 9335 of the act.

Totalisator System Standards-Minimum standards for approval and operation of a pari-mutuel wagering system.

Wagering Transmission Protocol (WTP)-A pari-mutuel wagering system protocol that facilitates transmission of wagering transaction detail to a host totalisator.

7 Pa. Code § 191.2