                                 CODE OF VIRGINIA

DEFINITIONS (§ 58.1-4030)

As used in this article, unless the context requires a different
meaning:		&#8220;Adjusted gross revenue&#8221; means gross revenue minus:

1. All cash and the cash value of merchandise paid out as winnings to bettors,
and the value of all bonuses or promotions provided to patrons as an incentive
to place or as a result of their having placed Internet sports betting wagers;

2. Uncollectible gaming receivables, which shall not exceed two percent, or a
different percentage as determined by the Board pursuant to subsection F of
&#xA7; 58.1-4007, of gross revenue minus all cash paid out as winnings to
bettors;

3. If the permit holder is a significant infrastructure limited licensee, as
defined in &#xA7; 59.1-365, any funds paid into the horsemen&#8217;s purse
account pursuant to the provisions of subdivision 14 of &#xA7; 59.1-369; and

4. All excise taxes on sports betting paid pursuant to federal law.
			&#8220;Amateur sports&#8221; means any sports or athletic event that is not
professional sports, college sports, Virginia college sports, or youth sports.
&#8220;Amateur sports&#8221; includes domestic, international, and Olympic
sports or athletic events. &#8220;Amateur sports&#8221; does not include
charitable gaming, as defined in &#xA7; 18.2-340.16; fantasy contests, as
defined in &#xA7; 59.1-556; or horse racing, as defined in &#xA7;
59.1-365.			&#8220;College sports&#8221; means an athletic event (i) in which at
least one participant is a team from a public or private institution of higher
education, regardless of where such institution is located, and (ii) that does
not include a team from a Virginia public or private institution of higher
education.			&#8220;Covered persons&#8221; means athletes; umpires, referees,
and officials; personnel associated with clubs, teams, leagues, and athletic
associations; medical professionals and athletic trainers who provide services
to athletes and players; and the immediate family members and associates of such
persons.			&#8220;Gross revenue&#8221; means the total of all cash, property, or
any other form of remuneration, whether collected or not, received by a
permittee from its sports betting operations.			&#8220;Major league sports
franchise&#8221; means a professional baseball, basketball, football, hockey, or
soccer team that is at the highest-level league of play for its respective
sport.			&#8220;Motor sports facility&#8221; means an outdoor motor sports
facility that hosts a National Association for Stock Car Auto Racing (NASCAR)
national touring race.			&#8220;Official league data&#8221; means statistics,
results, outcomes, and other data relating to a professional sports event
obtained by a permit holder under an agreement with a sports governing body or
with an entity expressly authorized by a sports governing body for determining
the outcome of tier 2 bets.			&#8220;Permit holder&#8221; means a person to
which the Director issues a permit pursuant to &#xA7;&#xA7; 58.1-4032 and
58.1-4033.			&#8220;Personal biometric data&#8221; means any information about
an athlete that is derived from his DNA, heart rate, blood pressure,
perspiration rate, internal or external body temperature, hormone levels,
glucose levels, hydration levels, vitamin levels, bone density, muscle density,
or sleep patterns, or other information as may be prescribed by the Board by
regulation.			&#8220;Principal&#8221; means any individual who solely or
together with his immediate family members (i) owns or controls, directly or
indirectly, five percent or more of the pecuniary interest in any entity that is
a permit holder or (ii) has the power to vote or cause the vote of five percent
or more of the voting securities or other ownership interests of such entity.
&#8220;Principal&#8221; includes any individual who is employed in a managerial
capacity for a sports betting platform or sports betting facility on behalf of a
permit holder.			&#8220;Professional sports&#8221; means an athletic event
involving at least two human competitors who receive compensation, in excess of
their expenses, for participating in such event. &#8220;Professional
sports&#8221; does not include charitable gaming, as defined in &#xA7;
18.2-340.16; fantasy contests, as defined in &#xA7; 59.1-556; or horse racing,
as defined in &#xA7; 59.1-365.			&#8220;Prohibited conduct&#8221; means any
statement, action, or other communication intended to influence, manipulate, or
control a betting outcome of a sports event or of any individual occurrence or
performance in a sports event in exchange for financial gain or to avoid
financial or physical harm. &#8220;Prohibited conduct&#8221; includes
statements, actions, and communications made to a covered person by a third
party. &#8220;Prohibited conduct&#8221; does not include statements, actions, or
communications made or sanctioned by a sports team or sports governing
body.			&#8220;Proposition bet&#8221; means a bet on an individual action,
statistic, occurrence, or non-occurrence to be determined during an athletic
event and includes any such action, statistic, occurrence, or non-occurrence
that does not directly affect the final outcome of the athletic event to which
it relates.			&#8220;Sports betting&#8221; means placing wagers on professional
sports, college sports, amateur sports, sporting events, or any other event
approved by the Director, and any portion thereof, and includes placing wagers
related to the individual performance statistics of athletes in such sports and
events. &#8220;Sports betting&#8221; includes any system or method of wagering
approved by the Director, including single-game bets, teaser bets, parlays,
over-under, moneyline, pools, exchange wagering, in-game wagering, in-play bets,
proposition bets, and straight bets. &#8220;Sports betting&#8221; does not
include participating in charitable gaming authorized by Article 1.1:1 (&#xA7;
18.2-340.15 et seq.) of Chapter 8 of Title 18.2; participating in any lottery
game authorized under Article 1 (&#xA7; 58.1-4000 et seq.); wagering on horse
racing authorized by Chapter 29 (&#xA7; 59.1-364 et seq.) of Title 59.1; or
participating in fantasy contests authorized by Chapter 51 (&#xA7; 59.1-556 et
seq.) of Title 59.1. &#8220;Sports betting&#8221; does not include placing a
wager on a college sports event in which a Virginia public or private
institution of higher education is a participant.			&#8220;Sports betting
facility&#8221; means an area, kiosk, or device located inside a casino gaming
establishment licensed pursuant to Chapter 41 (&#xA7; 58.1-4100 et seq.) that is
designated for sports betting.			&#8220;Sports betting permit&#8221; means a
permit to operate a sports betting platform or sports betting facility issued
pursuant to the provisions of &#xA7;&#xA7; 58.1-4032, 58.1-4033, and
58.1-4034.			&#8220;Sports betting platform&#8221; means a website, app, or
other platform accessible via the Internet or mobile, wireless, or similar
communications technology that sports bettors use to participate in sports
betting.			&#8220;Sports betting program&#8221; means the program established by
the Board to allow sports betting as described in this article.			&#8220;Sports
bettor&#8221; means a person physically located in Virginia who participates in
sports betting.			&#8220;Sports event&#8221; or &#8220;sporting event&#8221;
means professional sports, college sports, amateur sports, and any athletic
event, motor race event, electronic sports event, competitive video game event,
or any other event approved by the Director.			&#8220;Sports governing
body&#8221; means an organization, headquartered in the United States, that
prescribes rules and enforces codes of conduct with respect to a professional
sports or college sports event and the participants therein. &#8220;Sports
governing body&#8221; includes a designee of the sports governing
body.			&#8220;Stadium&#8221; means the physical facility that is the primary
location at which a major league sports franchise hosts athletic events and any
appurtenant facilities.			&#8220;Tier 1 bet&#8221; means a bet that is placed
using the Internet and that is not a tier 2 bet.			&#8220;Tier 2 bet&#8221;
means a bet that is placed using the Internet and that is placed after the event
it concerns has started.			&#8220;Virginia college sports&#8221; means an
athletic event in which at least one participant is a team from a Virginia
public or private institution of higher education.			&#8220;Youth sports&#8221;
means an athletic event (i) involving a majority of participants under age 18 or
(ii) in which at least one participant is a team from a public or private
elementary, middle, or secondary school, regardless of where such school is
located. However, if an athletic event meets the definition of college sports or
professional sports, such event shall not be considered youth sports regardless
of the age of the participants. An international athletic event organized by the
International Olympic Committee shall not be considered to be youth sports,
regardless of the age of the participants.

HISTORY: 2020, cc. 1218, 1256; 2021, Sp. Sess. I, cc. 351, 352.