Current through Register Vol. 54, No. 45, November 9, 2024
Section 1401a.6 - Permitted sports wagering activities(a) A sports wagering certificate holder or sports wagering operator shall submit to the Board for approval the events and types of wagers it proposes offering to players prior to accepting any sports wagering bets.(b) The Board may permit a sports wagering certificate holder or sports wagering operator to offer wagering on any of the following sporting events: (1) Professional athletic events.(2) Collegiate athletic events.(3) Professional motor race events.(4) International team and international individual athletic events.(5) Any other sporting events as approved by the Board.(c) The Board may permit a sports wagering certificate holder or sports wagering operator to offer any of the following types of wagers on the sporting events or on the individual performance statistics of athletes in a sporting event enumerated in subsection (b): (1)Exchange wagering-A marketplace which permits patrons to bet with or against each other through a gaming platform operated and managed by a sports wagering certificate holder or sports wagering operator.(2)In-game wagers-Wagers placed on the outcome of a sporting event or proposition wagers made after the athletic event has started and can continue during the course of live play of the athletic event.(3)Parlay wagers-A wager on two or more outcomes in which all outcome wagers must win or cover for the patron to win or, a series of three or more teams in 2-team parlays.(4)Proposition wagering-Wagers placed on the occurrence or nonoccurrence of a specific outcome of events within a game not directly involving the game's final outcome.(5)Straight wagers-A pre-game or pre-match wager on a single game or single event that will be determined by a point spread, money line or total score.(6) Other types of wagers as approved by the Board.(d) A sports wagering certificate holder or a sports wagering operator shall make available to patrons a clear explanation of all types of wagers permitted by the Board and events on which those wagers are permitted.(e) A sports wagering certificate holder or sports wagering operator may place a layoff wager with another sports wagering certificate holder or sports wagering operator located in this Commonwealth for the purpose of offsetting patron wagers made under this subpart provided that the following occurs: (1) The sports wagering certificate holder or sports wagering operator placing the layoff wager discloses its identity to the sports wagering certificate holder or sports wagering operator receiving the layoff wager.(2) The receiving sports wagering certificate holder or sports wagering operator agrees to accept the layoff wager after receiving notification of the identity of the sports wagering certificate holder or sports wagering operator placing the layoff wager.(f) A sports wagering certificate holder or sports wagering operator may seek and accept layoff wagers from an authorized trader under a layoff wager agreement submitted under subsection (f)(1)(B) for the purposes of offsetting patron wagers. The following apply: (1) The sports wagering certificate holder or sports wagering operator seeking and accepting the layoff wagers has set forth in its internal controls under Chapter 1408a (relating to sports wagering accounting and internal controls) all of the following: (A) Procedures for initiating a request for a layoff wager from an authorized trader.(B) Procedures for entering a layoff wager agreement with an authorized trader. All layoff wager agreements entered into between a sports wagering certificate holder or sports wagering operator and an authorized trader must be provided to the Board with the internal controls submission.(C) Procedures for recording a layoff wager.(D) Procedures for auditing layoff wagers.(2) An entity acting as an authorized trader under a layoff wager agreement must be licensed or certified by a regulatory oversight body in the area of banking, securities or insurance, and documentation of the licensure or certification shall be provided to the Board with the layoff wager agreement submitted under subsection (f)(1)(B). (3) A layoff wager placed by an authorized trader may be done in person at a sports wagering certificate holder or sports wagering operator's retail sportsbook or by way of an interactive or mobile sports wagering system.(4) All layoff wagers placed by an authorized trader using a sports wagering certificate holder's or sports wagering operator's interactive or mobile sports wagering platform must be executed by means of the authorized trader's sports wagering account, and the individual placing the wager must be physically present in this Commonwealth.