W. Va. Code R. § 179-9-7 - Patron Wagers
7.1. A sports
pool operator or sports pool intermediary shall not accept any wager on a
sports event unless it has provided written notification to the Director of the
first time that wagering on a category of wagering event (for example, wagering
on a particular type of professional sport) or type of wager (for example an
in-play wager or exchange wager) is offered to the public. Such notice shall be
submitted prior to accepting a wager on a new category of wagering event or
accepting a new type of wager. Notice is not required whenever the odds change
on a previously offered wagering event. The Director, or his or her designee,
shall respond to such notice within 24 hours or by the next business day. The
Director reserves the right to prohibit the acceptance of wagers and may order
the cancellation of wagers and require refunds on any event for which wagering
would be contrary to the public policies of the State.
7.2. A sports pool operator or sports pool
intermediary shall only accept wagers on sports events and other events for
which:
7.2.1. The outcome can be
verified;
7.2.2. The outcome can be
generated by a reliable and independent process;
7.2.3. The outcome will not be affected by
any wager placed; and
7.2.4. The
event is conducted in conformity with all applicable laws.
7.3. Patron wagers pursuant to the Act placed
in a sports wagering lounge or other approved area within a licensed casino
shall be made with:
7.3.1. Cash;
7.3.2. Cash equivalent;
7.3.3. Credit or debit card;
7.3.4. Promotional funds;
7.3.5. Sports pool vouchers;
7.3.6. Value gaming chips; and
7.3.7. Any other means approved by the
Commission.
7.4. The
available wagers shall be displayed in a manner visible to the public and the
operator's close-circuit television system. The display shall include the event
number, odds, and a brief description of the event.
7.5. A patron may redeem a winning wagering
ticket by mail according to the sports pool operator's internal
controls.
7.6. A sports pool
operator may, in its discretion, accept a layoff wager from another licensed
sports pool operator. A licensed sports pool operator placing a layoff wager
shall disclose its identity to the other licensed sports pool operator
accepting the wager.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
7.1. A sports pool operator or sports pool intermediary shall not accept any wager on a sports event unless it has provided written notification to the Director of the first time that wagering on a category of wagering event (for example, wagering on a particular type of professional sport) or type of wager (for example an in-play wager or exchange wager) is offered to the public. Such notice shall be submitted prior to accepting a wager on a new category of wagering event or accepting a new type of wager. Notice is not required whenever the odds change on a previously offered wagering event. The Director, or his or her designee, shall respond to such notice within 24 hours or by the next business day. The Director reserves the right to prohibit the acceptance of wagers and may order the cancellation of wagers and require refunds on any event for which wagering would be contrary to the public policies of the State.
7.2. A sports pool operator or sports pool intermediary shall only accept wagers on sports events and other events for which:
7.2.1. The outcome can be verified;
7.2.2. The outcome can be generated by a reliable and independent process;
7.2.3. The outcome will not be affected by any wager placed; and
7.2.4. The event is conducted in conformity with all applicable laws.
7.3. Patron wagers pursuant to the Act placed in a sports wagering lounge or other approved area within a licensed casino shall be made with:
7.3.1. Cash;
7.3.2. Cash equivalent;
7.3.3. Credit or debit card;
7.3.4. Promotional funds;
7.3.5. Sports pool vouchers;
7.3.6. Value gaming chips; and
7.3.7. Any other means approved by the Commission.
7.4. The available wagers shall be displayed in a manner visible to the public and the operator's close-circuit television system. The display shall include the event number, odds, and a brief description of the event.
7.5. A patron may redeem a winning wagering ticket by mail according to the sports pool operator's internal controls.
7.6. A sports pool operator may, in its discretion, accept a layoff wager from another licensed sports pool operator. A licensed sports pool operator placing a layoff wager shall disclose its identity to the other licensed sports pool operator accepting the wager.