As used in this subpart:
- (1) “Breakage” means the odd cents over a multiple of ten cents ($0.10) arising from the computation of odds and payoffs on off-track pari-mutuel sports wagers;
- (2) “Commission” means the Arkansas Racing Commission or the commission’s designee;
- (3) “Commission on wagers” means an amount retained and not returned to patrons by a pari-mutuel sports book from the aggregate amount of off-track pari-mutuel sports wagers;
- (4) “Common pari-mutuel pool” means a pari-mutuel wagering pool consisting of the off- track pari-mutuel sports wagers placed at two (2) or more pari-mutuel sports books;
- (5) “Manual merge” means the process used in the event of a systems or communications failure by which participating pari-mutuel sports books transmit to the systems operator through telephone, telecopy, cellular, or other means of communication, the sports books’ wagering information, and the process by which the systems operator includes the off-track pari-mutuel sports wagers in the common pari-mutuel pool in such event;
- (6) “Off-track pari-mutuel sports system” means a computerized system or component of a system that is used to receive wagering information from and transmit pool data to a pari-mutuel sports book;
- (7) “Off-track pari-mutuel sports wager” means a pari-mutuel wager on a sporting event or other event offered as part of a common pari-mutuel pool, whether or not the wager is actually included in the common pari-mutuel pool;
(8) “Other event” means any event other than a:
- (A) Horse race;
- (B) Dog race; or
- (C) Athletic sporting event;
(9)
- (A) “Pari-mutuel sports book” means an establishment within this state that has been authorized to accept off-track pari-mutuel sports wagers pursuant to The Arkansas Casino Gaming Amendment of 2018, Arkansas Constitution, Amendment 100, or an out-of-state facility approved to accept off-track pari-mutuel sports wagers.
- (B) Where applicable, the term also includes a person or governmental agency from outside this state that operates such a facility, and an association of such facilities;
- (10) “Pool data” means data regarding the results, payoffs, odds, or payoff prices, and the aggregate amount of off-track pari-mutuel sports wagers accepted on each sporting event or other event by all pari-mutuel sports books;
- (11) “Post time” means five (5) minutes before the scheduled start of a sporting event or other event or such other time as designated by the Arkansas Racing Commission;
(12)
- (A) “Sporting event” means an individual race, game, match, or contest, and any group, series, or part thereof.
- (B) The term does not include horse or dog races;
- (13) “Systems operator” or “operator of a system” means a person engaged in providing the off-track pari-mutuel sports system or services directly related to the reconciliation of a common pari-mutuel pool and transfers of funds between the participating pari-mutuel sports books; and
- (14) “Wagering information” means the amount of off-track pari-mutuel sports wagers accepted for each sporting event or other event by a single pari-mutuel sports book.