OAR 462-210-0010: Definitions

The following definitions and interpretations shall apply to these rules unless otherwise indicated or text otherwise requires. (1) "Account": An account for account wagering with a specific identifiable record of deposits, wagers, and withdrawals established by an account holder and managed by the advance deposit wagering licensee or race meet licensee. (2) "Account Holder": A person who successfully completed an application and for whom an account has been opened. In the event the person is a partnership, the ADW must submit a request and gain approval from the Oregon Racing Commission for such accounts. Requests must include: (a) Documentation that all members of the partnership have an approved individual ADW account; and (b) Partnership agreements must be submitted to the Oregon Racing Commission and approved prior to the partnership account being activated. (3) "Account Wagering": A form of pari-mutuel wagering in which a person may deposit money in an account with an advance deposit wagering licensee or race meet licensee and then use the current balance to pay for pari-mutuel wagering. (4) "Account Wagering Center": An actual location, equipment, and staff of an advance deposit wagering licensee or race meet licensee and/or agents involved in the management, servicing, and operation of account wagering. (5) "Advance Deposit Wagering Licensee or ADW": Any person or entity holding a currently valid license to engage in related activities as a multi-jurisdictional simulcasting and interactive wagering totalizator hub as defined in Oregon Administrative Rule 462-220-0010(1). (6) "Agent”: Those persons or entities with the authority to accept deposits and wagers or issue a receipt or other confirmation to the account holder evidencing such deposits and wagers, and transfer credits and debits to and from accounts on behalf of the advance deposit wagering licensee or race meet licensee. (7) "Applicant": A person who has submitted an application to establish an account with an advance deposit wagering licensee or race meet licensee. (8) "Application": The form or forms and other required submissions received from an applicant with the intent of opening an account. (9) “Business Day”: Monday through Friday with the exception of a federal or state observed holiday. (10) "Commission": The Oregon Racing Commission or any successor agency. (11) "Confidential Information": (a) The amount of money credited to, debited from, withdrawn from, or present in any particular account holder's account; (b) The amount of money wagered by a particular account holder on any race or series of races; (c) The account number and secure personal identification code of a particular account holder; (d) The identities of particular entries on which the account holder is wagering or has wagered; and (e) Unless otherwise authorized by the account holder, the name, address, and other information in the possession of the account wagering center and race meet licensee that would identify the account holder to anyone other than the commission, the account wagering center or the race meet licensee. (12) "Credits": All positive inflows of money to an account. (13) "Debits": All negative outflow of money from an account. (14) "Deposit": A payment of money by cash, check, money order, credit card, debit card, or electronic funds transfer made by an account holder to the account holder's account. (15) “Parlay”: A single wager combining multiple individual selections into one bet, where winnings from each successful selection are automatically reinvested onto subsequent selections, with the final payout determined by multiplying the odds or dividends of all winning components. (16) “Person”: Any natural person at least 18 years of age, a single member limited liability company where the single member is a natural person at least 18 years of age, a single shareholder sub-chapter S corporation in which the shareholder is a natural person at least 18 years of age or partnership in which all members are at least 18 years of age and the partnership agreement has been approved by the Commission. (17) "Principal Residence Address": That place where the person submitting an application for an account resides at least fifty percent (50%) of the time during the calendar year. (18) "Proper Identification": A form of identification accepted in the normal course of business to establish that the person making a transaction is an account holder. (19) "Race Course": As defined in ORS 462.010(5). (20) "Race Meet Licensee": Any person or entity holding a currently valid license to engage in racing or related regulated activities. (21) "Secure Personal Identification Code": An alpha-numeric character code chosen by an account holder as a means by which the advance deposit wagering licensee or race meet licensee may verify a wager or account transaction as authorized by the account holder. (22) "Withdrawal": A payment of money from an account by the advance deposit wagering licensee or race meet licensee to the account holder when properly requested by the account holder. (23) "Withdrawal Slip": A form provided by the race meet licensee for use by an account holder in withdrawing funds from an account.