N.C. Gen. Stat. § 18C-1001

Current through Session Law 2024-58

Section 18C-1001 - Definitions

As used in this Article, the following definitions apply:

(1) Advance deposit account wager or advance deposit account wagering. - A pari-mutuel wager on horse races in accordance with 15 U.S.C. Chapter 57 and the rules adopted by the Commission.

(2) ADW licensee. - Any person or entity licensed by the Commission in accordance with this Article.

(3) Pari-mutuel wager or pari-mutuel wagering. - A form of wagering on the outcome of horse races, whether live or simulcast, in which wagers are made on one or more horses and all wagers are pooled and held by the host of the race or the ADW licensee for distribution.

(4) Simulcast. - The telecast of live audio and visual signals of horse races at a simulcast facility for the purpose of pari-mutuel wagering.

(5) Simulcast facility. - Any facility approved by the Commission to simulcast horse racing and conduct pari-mutuel wagering through an ADW licensee.

N.C. Gen. Stat. § 18C-1001

Added by 2023 N.C. Sess. Laws 42, s. 3, eff. 1/8/2024.