Section 4862 - DefinitionsAs used in this subchapter the following terms shall have the following meanings:
(1) "Authorized Delaware player" means an authorized player located in Delaware.(2) "Authorized player" means an individual, who is not prohibited by this subchapter, that participates in an interactive fantasy sports contest offered by a registrant.(3) "Director" means the Director of the Delaware Division of Gaming Enforcement(4) "Division" means the Delaware Division of Gaming Enforcement.(5) "Entry fee" means cash or cash equivalent that is paid by an authorized player or an authorized Delaware player to a registrant to participate in an interactive fantasy sports contest offered by such registrant.(6) "Highly experienced player" means an authorized player who has done one of the following: a. Entered more than one thousand contests offered by a single operator or registrant.b. Won more than three prizes valued at one thousand dollars each or more from a single operator or registrant.(7) "High school sport or athletic event" means a sport or athletic event offered or sponsored by or played in connection with a public or private institution that offers education services at the secondary level.(8) "Horse racing event" means any sport or athletic event conducted in Delaware that is subject to the provisions of Chapters 100 and 101 of Title 3, or any sport or athletic event conducted outside of Delaware, which if conducted in Delaware would be subject to the provisions of Chapters 100 and 101 of Title 3.(9) "Interactive fantasy sports contest" or "contest" means an online simulated game of skill wherein 1 or more contestants compete against each other by using their knowledge and understanding of athletic events and athletes to select and manage rosters of players whose performance directly corresponds with the actual performance of competitors on sports teams and in sports contests. It does not include contests that are free to all participants or contests that encompass an entire season of the activity in which the underlying competition is being conducted, consists of at least 150 underlying competitions, and the prize or prizes awarded, if any, are determined by agreement of the participants only in order to distribute fully the participants' contributions to a fund established to award a prize or prizes for the contest.(10) "Interactive fantasy sports operator" or "operator" means any person or entity that offers any interactive fantasy sports contest to any player through any interactive fantasy sports platform.(11) "Interactive fantasy sports platform" or "platform" means any online method by which access to an interactive fantasy sports contest is provided.(12) "Interactive fantasy sports registrant" or "registrant" means an operator that is registered by the Director. A registrant may utilize multiple interactive fantasy sports platforms and offer multiple contests.(13) "Minor" means any person under the age of eighteen years.(14) "Prohibited sports event" means any collegiate sporting event that involves a Delaware college or university, or any high school sport or athletic event, or any horse racing event. (15) "Resident percentage" means, for each interactive fantasy sports contest, the percentage, rounded to the nearest tenth of a percent, of the entry fees collected from authorized Delaware players , divided by the entry fees collected from all authorized players in interactive fantasy sports contests.(16)"Ultimate Equitable Owner" shall mean a person who owns or controls any ownership interest of ten percent (10%) or more in a person or entity either directly or indirectly, regardless of whether the person or entity owns or controls the ownership interest through one or more other persons or proxies, powers of attorney, or other variances.Amended by Laws 2019, ch. 69,s 1, eff. 6/26/2019.Amended by Laws 2017, ch. 371,s 1, eff. 8/10/2018.Added by Laws 2017, ch. 105,s 1, eff. 8/25/2017.