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GENERAL PROVISIONS > Definitions
Short Summary
This document provides definitions for various terms used in the Sports Wagering Act and regulations in Illinois. It clarifies the meanings of terms such as ‘abnormal wagering activity,’ ‘affiliate,’ ‘applicant,’ ‘attributed interest,’ ‘board,’ ‘business entity,’ ‘cancelled wager,’ ‘client,’ ‘collegiate sport or athletic event,’ ‘control,’ ‘designated gaming area,’ ‘gaming operation,’ ‘institutional investor,’ ‘internet wagering,’ ‘internet wagering system,’ ‘key person,’ ‘kiosk,’ ’layoff bet,’ ’license,’ ’licensee,’ ‘minor league,’ ‘occupational licensee,’ ‘official league data provider,’ ‘organization gaming facility,’ ‘ownership interest,’ ‘person,’ ‘problem gambling,’ ‘professional sport or athletic event,’ ‘redemption kiosk,’ ‘responsible gaming,’ ‘sole proprietor,’ ‘sports wagering operation,’ ‘sports wagering system,’ ‘supplier,’ ‘suspicious wagering activity,’ ’theoretical maximum exposure,’ ‘void wager,’ ‘wagering equipment,’ and ‘wagering kiosk.’ These definitions are essential for understanding and interpreting the provisions of the Sports Wagering Act and ensuring compliance with the regulations.
Whom does it apply to?
Persons and entities involved in sports wagering activities in Illinois
What does it govern?
Definitions of terms used in the Sports Wagering Act and regulations
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Illinois