Current through Register Vol. 50, No. 9, September 20, 2024
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.
AUTHORITY
NOTE: Promulgated in accordance with
R.S.
47:9001 et
seq.