Nevada Gaming; Horse Racing; Sporting Events

Sec. § 464.005
Definitions.


As used in this chapter, unless the context otherwise requires:

1.

“Gross revenue” means the amount of the commission received by a licensee that is deducted from off-track pari-mutuel wagering, plus breakage and the face amount of unpaid winning tickets that remain unpaid for a period specified by the Nevada Gaming Commission.

2.

“Off-track pari-mutuel system” means a computerized system, or component of such a system, that is used with regard to a pari-mutuel pool to transmit information such as amounts wagered, odds and payoffs on races, sporting events or other events.

3.

“Off-track pari-mutuel wagering” means any pari-mutuel system of wagering approved by the Nevada Gaming Commission for the acceptance of wagers on:

(a)

Horse or dog races which take place outside of this state;

(b)

Sporting events; or

(c)

Other events.

4.

“Operator of a system” means a person engaged in providing an off-track pari-mutuel system.

5.

“Pari-mutuel system of wagering” means any system whereby wagers with respect to the outcome of a race, sporting event or other event are placed in a wagering pool conducted by a person licensed or otherwise permitted to do so under state law, and in which the participants are wagering with each other and not against that person. The term includes off-track pari-mutuel wagering.
Source

Last accessed
Feb. 5, 2021