La. Admin. Code tit. 42 § XV-1151

Current through Register Vol. 50, No. 11, November 20, 2024

Section XV-1151 - Sports Wagers

A. The operator shall not accept any sports wager on a sports event unless it has received approval from the corporation to conduct that type or category of sports wager. A type of sports wager refers to the method of determining the outcome of the sports wager. The category refers to the kind of event being wagered on. For all particular categories or sports wager types approved by the Act or these rules or later approved by the corporation for its first use may be used on multiple events by the operator without further approval.

1. If an operator accepts a sports wager on an unapproved sports event, the operator shall void and refund all sports wagers associated with that sports event. If any sports wagers for unapproved sports events cannot be refunded in full, the operator shall immediately provide the corporation with a report detailing such sports wagers and the reasons therefore.

2. The corporation maintains the right to disapprove of the source of data for any reason including, but not limited to, the type of sports wager and method of data collection.

B. Sports Wagers; Restrictions

1. The operator shall only offer and accept sports wagers in accordance with the Act and these rules and on sports events where:

a. the outcome of the event can be verified, and the operator shall disclose the source of verification;

b. the event would be effectively supervised;

c. there are integrity safeguards in place;

d. the outcome can be generated by a reliable and independent process;

e. the outcome of the event is unlikely to be affected by any sports wager placed; and

f. the outcome is conducted in conformity with all applicable federal and state laws, the Act, these rules, and internal controls.

2. Sports wagers shall only be made through a player-us sports wagering account, cash, cash equivalents, or promotional play.

3. The operator shall adopt procedures to obtain personally identifiable information from any person who places any single sports wager in an amount of $10,000 or greater on a sports event. Subsequent to accepting a sports wager in excess of $10,000 or making a payout in excess of $10,000 on a winning sports wager, the Operator shall record or maintain records that include: the date and time of the sports wager or payout; the amount of the sports wager or payout; the player-us legal name and the ticket number or other identifying number for the sports wager or payout;

4. The operator shall not knowingly allow, and shall take reasonable steps to prevent, the circumvention of reporting requirements through a player making a structured sports wager, including multiple sports wagers or a series of sports wagers that are designed to accomplish indirectly that which could not be accomplished directly. The operator shall not encourage or instruct the player to structure or attempt to structure sports wagers. This section does not prohibit an operator from informing a player of the regulatory requirements imposed upon the operator, including the definition of structured sports wagers. An operator shall not knowingly assist a player in structuring or attempting to structure sports wagers.

C. Categories

1. The corporation shall maintain a list of approved categories for which an operator may accept a sports wager.

D. Types

1. The corporation shall maintain a list of approved types of sports wagers that an operator may accept.

2. No sports wagers may be accepted or paid by an operator on the occurrence of injuries or penalties or the outcome of an athlete-us disciplinary rulings or replay reviews.

E. Tickets

1. Upon placing a sports wager, the player shall receive an unalterable virtual or printed wager record (ticket) which shall contain the information required in these rules.

2. Any sports wager placed with a sports wagering mechanism shall be evidenced by a ticket indicating: the information required in R.S. 47:9101 D.; the name of the operator; and a statement that the patron must redeem the ticket within 180 days of the date of the event, that the failure to present a winning ticket within such time shall constitute a waiver of the right to the payment, and that the holder of the ticket shall thereafter have no right to enforce payment of the ticket.

F. Canceled Wagers

1. The operator-us comprehensive rules shall clearly state what is to occur when a sports event is canceled, or the subject of the bet ceases to exist. Any such cancelations of a sports wager shall be made available to the corporation.

2. Canceled wagers may only be made at the system level and in accordance with the requirements of this subsection and these rules.

3. All canceled wagers shall be refunded to the player as soon as practical and deducted from the adjusted gross sports wagering revenue if already included.

G. Voided Wagers

1. A sports wager is deemed void if the player is a prohibited person or located in a prohibited parish at the time the sports wager was made. An operator shall void sports wagers made by prohibited persons or a persons located in a prohibited parish immediately upon becoming aware the player is a prohibited person or located in a prohibited parish.

2. A sports wager is deemed void if the subject of the wager was not approved by the corporation prior to accepting the wager.

3. An operator may void a sports wager if the operator has reasonable basis to believe there was obvious error in the placement or acceptance of the sports wager. Errors include but are not limited to: the sports wager was placed with incorrect odds; human error in the placement of the sports wager; the ticket does not correctly reflect the sports wager; or equipment failure rendering a ticket unreadable. Wagers voided in this case must be approved pursuant to the internal controls or house rules.

4. The operator shall include procedures and conditions on which they will void wagers in their internal controls.

5. All voided wagers shall be refunded to the player and deducted from the adjusted gross sports wagering revenue if previously included. However, should a player self-exclude after placing a wager, the player shall not be entitled to a refund or any winnings; the monies shall be handled in accordance with internal controls.

6. No wagers shall be rescinded except in compliance with the Act, these rules, internal controls, and house rules.

La. Admin. Code tit. 42, § XV-1151

Promulgated by the Louisiana Lottery Corporation LR 471890 (12/1/2021).

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:9001 et seq.