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      RS 27:302     

  

§302. Definitions

            For purposes of this Chapter:

            (1) "Board" means the Louisiana Gaming Control Board.

            (2) "Confidential information" means information related to the play of a fantasy sports contest by fantasy sports contest players that is obtained as a result of or by virtue of a person's employment.

            (3) "Entry fee" means cash or cash equivalent that is required to be paid by a fantasy sports contest participant to a fantasy sports contest operator in order to participate in a fantasy sports contest.

            (4) "Fantasy sports contest" means any fantasy or simulation sports game or contest played through the internet or mobile device with all of the following elements:

            (a) Participants create a simulation sports team based on the current membership of real-world amateur or professional sports organizations.

            (b) All prizes and awards offered to winning participants are established and made known to the participants in advance of the game or contest, and the value of the prizes or awards is not determined by the number of participants or the amount of any fees paid by those participants.

            (c) All winning outcomes reflect the relative knowledge and skill of the participant and are predominantly determined by accumulated statistical results of the performance of the individuals, including athletes in the case of sporting events.

            (d) No winning outcome is based on either of the following:

            (i) On the score, point-spread, or any performance or performances of any single real-world team or any combination of such teams.

            (ii) Solely on any single performance of an individual athlete in any single real-world sporting or other event.

            (5) "Fantasy sports contest operator" or "operator" means a suitable person domiciled in Louisiana or a domestic business entity or a foreign corporation that is licensed by the board to offer a platform for the playing of fantasy sports contests, to administer one or more fantasy sports contests with an entry fee, and to award a prize of value.

            (6) "Fantasy sports contest player" or "player" means a person who participates in a fantasy sports contest offered by a fantasy sports contest operator.

            (7) "Gross fantasy sports contest revenues" means the amount equal to the total of all entry fees that a fantasy sports contest operator collects from all fantasy sports contest players, multiplied by the location percentage for the state of Louisiana.

            (8) "Location percentage" means the percentage rounded to the nearest tenth of a percent of the total of entry fees collected from fantasy sports contest players located in the state of Louisiana, divided by the total entry fees collected from all fantasy sports contest players participating in fantasy sports contests.

            (9) "Net revenue" means, for all fantasy sports contests, the amount equal to the total entry fees collected from all participants entering such fantasy sports contests, less the winnings paid to participants in the contests, multiplied by the location percentage for the state of Louisiana.

            (10) "Operator's net revenue" means, for all fantasy sports contests, the amount equal to the total entry fees collected from all participants entering such fantasy sports contests, less the winnings paid to participants in the contests.

            Acts 2018, No. 322, §1; Acts 2020, No. 141, §1, eff. June 9, 2020; Acts 2020, 1st Ex. Sess., No. 34, §1, eff. July 13, 2020;.



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