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Current as of January 01, 2023 | Updated by Findlaw Staff
As used in this Article, the following definitions apply:
(1) Advance deposit account wager or advance deposit account wagering.--A pari-mutuel wager on horse races in accordance with 15 U.S.C. Chapter 57 and the rules adopted by the Commission.
(2) ADW licensee.--Any person or entity licensed by the Commission in accordance with this Article.
(3) Pari-mutuel wager or pari-mutuel wagering.--A form of wagering on the outcome of horse races, whether live or simulcast, in which wagers are made on one or more horses and all wagers are pooled and held by the host of the race or the ADW licensee for distribution.
(4) Simulcast.--The telecast of live audio and visual signals of horse races at a simulcast facility for the purpose of pari-mutuel wagering.
(5) Simulcast facility.--Any facility approved by the Commission to simulcast horse racing and conduct pari-mutuel wagering through an ADW licensee.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 18C. North Carolina State Lottery § 18C-1001. Definitions - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-18c-north-carolina-state-lottery/nc-gen-st-sect-18c-1001/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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