N.Y. Comp. Codes R. & Regs. tit. 9 § 4500.1

Current through Register Vol. 46, No. 50, December 11, 2024

Section 4500.1 - Definitions and general provisions

In addition to the definitions set forth in Racing, Pari-Mutuel Wagering and Breeding Law section 1001, which shall apply to this Part, the following words and terms, when used in this Subchapter, shall have the following meanings, unless the context clearly indicates otherwise:

(a) Account means a formal record of all transactions (debits, wagers, deposits, withdrawals and credits) initiated by an account holder in a wagering account with an account wagering licensee.

(b) Account activity means any deposit, withdrawal, wager or other transaction made by the account holder.

(c) Account holder means a natural person authorized by an account wagering licensee to place wagers via account wagering.

(d) Account wager means a wager placed by means of account wagering. An account wager may be made by the account holder in person, via telephonic device or by the internet or by communication through other electronic means.

(e) Account wagering center means the facility or facilities with the capability of accepting account wagers using wired or wireless communications devices, including but not limited to wireline telephones, wireless telephones, and the internet, to transmit the placement of wagers on races and special events.

(f) Electronic signature shall mean an electronic sound, symbol, or process that is attached to or logically associated with an electronic record and is executed or adopted by a person with the intent to sign the record.

(g) Internet means a computer network consisting of a worldwide network of computer networks that use the TCP/IP network protocols to facilitate data transmission and exchange.

(h) Official means a representative of the commission.

(i) PIN means a personal identification number associated with an account.

(j) Regional off-track-betting corporation means a corporation created pursuant to section 502 or section 603 of the Racing, Pari-Mutuel Wagering and Breeding Law.

(k) Report means a summary of wagering activity or other written record prepared pursuant to this subchapter.

(l) Stored value instrument means funds or monetary value represented in digital electronics format (whether or not specially encrypted) and stored or capable of storage on electronic media in such a way as to be retrievable and transferable electronically.

(m) Totalisator system means a computer system that registers and computes the wagering and payoffs in pari-mutuel wagering.

(n) Wagering device means a device enabling the placing of wagers.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 4500.1

Amended New York State Register July 26, 2017/Volume XXXIX, Issue 30, eff. 7/26/2017