Mont. Admin. r. 8.22.3901 - DEFINITIONS
(1) "Administrative
week" means an upcoming identified weekly period of Wednesday through the
following Tuesday.
(2) "Board"
means the Montana Board of Horse Racing provided for in
2-15-3106,
MCA.
(3) "Breakage" means the odd
cents over a multiple of ten cents arising from the computation of odds and
payoffs on parimutuel fantasy sports wagers.
(4) "Common parimutuel pool" means a
parimutuel wagering pool consisting of the parimutuel fantasy sports wagers
placed at two or more licensed parimutuel facilities in Montana.
(5) "Fantasy sports coordinator" means an
official hired by the Department of Commerce (department) to regulate, audit,
approve network operating plans, approve league rules, receive point totals
from network, designate point totals as "official," annually approve the
information service to be used by the network, and control and supervise
overall conduct and operation of parimutuel fantasy sports wagering.
(6) "Fantasy sports league" has the meaning
found at
23-5-801,
MCA.
(7) "Fantasy sports parimutuel
system" means a computerized system or component of a system that is used to
receive wagering information from and transmit pool data to a parimutuel
network.
(8) "Fantasy sports
parimutuel wager" means a parimutuel wager at a licensed parimutuel facility in
Montana, through a fantasy sports league, on professional sporting events
offered as part of a common parimutuel pool.
(9) "Information service" means a person or
entity chosen annually by the fantasy sports coordinator to sell or provide
information to the licensed fantasy sports parimutuel network, from among those
services providing statistics from the individual sport's sanctioning body, and
gather statistics on professional team and individual performances, which
information is used to create rosters or programs of available professional
sports players and teams.
(10)
"League member" means a person at least 18 years of age who participates in
fantasy sports parimutuel wagering at a Montana-licensed fantasy sports
parimutuel facility. The term does not include a corporation, partnership,
limited liability company, trust, estate, or any other entity.
(11) "Official league rules" means a set of
operating guidelines and requirements proposed by the network director and
subsequently approved by the fantasy sports coordinator, to govern selection of
individual sport, selection of players, method of point calculation or scoring,
and other information within parameters set by board rule. The rules must be
available to each league member and provided upon request. Each set of official
league rules must be approved by the fantasy sports coordinator and made
official before being used by the network or a parimutuel facility.
(12) "Parimutuel facility" has the meaning
found in
23-4-101,
MCA, as a facility licensed by the board at which fantasy sports leagues are
conducted and wagering on the outcome under a parimutuel system is permitted.
In addition, the parimutuel facility must be licensed pursuant to the provision
of Title 23, chapter 4, MCA, and ARM
32.28.2206.
(13) "Parimutuel hub" means a system to which
the parimutuel network will be connected, and which monitors all fantasy sports
parimutuel wagering in Montana.
(14) "Parimutuel network" has the meaning
found at
23-4-101,
MCA, as an association licensed by the board to compile and distribute fantasy
sports league rosters and weekly point totals for licensed parimutuel
facilities and to manage statewide parimutuel wagering pools on fantasy sports
leagues. In addition, the term includes a person engaged in providing the
parimutuel fantasy sports system or service directly related to the
reconciliation of a common fantasy sports parimutuel pool and transfer of funds
between the participating fantasy sports parimutuel facilities. A parimutuel
network must be physically located in Montana and operated in
Montana.
(15) "Parimutuel network
director" means a person or office licensed by the board to solicit facility
sites for the network, provide equipment to connect to the parimutuel hub,
verify all takeout amounts are collected from the facilities and distributed to
the board, advertise, promote, select individual fantasy sports games in which
the network may participate, and calculate point totals for professional
players or teams based on previously-defined rules for award of
points.
(16) "Pool data" means data
regarding the results, payoffs, odds or payoff prices, and the aggregate amount
of parimutuel fantasy sports wagers accepted on each professional sporting
event by all parimutuel fantasy sports facilities.
(17) "Roster" or "program" means a list of
eligible professional sports participants for the appropriate period; eligible
specific professional sports races, games, matches, or contests for the
appropriate period; and types of combination wagers eligible to be placed for
that sport in that period. The roster or program must be prepared by the
Montana licensed parimutuel network for fantasy sports, and must be provided to
each league member.
(18) "Sporting
event" means an individual race, game, match, or contest, and any group,
series, or part thereof from a given professional sport. The term does not
include horse or dog races.
(19)
"Takeout" means an amount retained and not returned to patrons by a licensed
parimutuel fantasy sports facility from the aggregate amount of parimutuel
fantasy sports wagers.
(20) "Team"
means a fictitious team of not less than two players composed of athletes from
a given professional sport.
(21)
"Wagering information" means the amount of parimutuel fantasy sports wagers
accepted for each sporting event by a single parimutuel fantasy sports
facility.
(22) "Wagering period"
means a period of time as defined by league rule for a single or multiple day
event.
Notes
AUTH: 23-4-104, 23-4-202, MCA IMP, 23-4-101, 23-4-104, 23-4-201, 23-4-202, 23-4-301, 23-4-302, 23-4-304, 23-5-801, 23-5-802, 23-5-805, 23-5-806, MCA
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