Definitions

Definitions (a) “Breakage” means odd cents arising from the computation of odds and payouts on amounts wagered on a simulcast horse race, as determined by the law governing the sending track. (b) “Casino simulcasting” means the simultaneous transmission by picture of running or harness horse or greyhound races conducted at racetracks to casino licensees and pari-mutuel wagering at Race books operated by casino licensees on the results of those races. (c) “Entrant” means a participant in a race, sporting event or contest upon which a wager may be placed as to the participants’ finishing position in the event. (d) “Entry” means two (2) or more entrants competing in a given event and coupled because of common ties as determined by the regulations governing racing at the sending track. (e) “Event” means an individual race, game or contest wherein pari-mutuel wagering is conducted upon the competing entrants. (f) “Field” means all the entrants in an event whose assigned numerical designation exceeds one less than the numbering capacity of the post positions on the tote board. (g) “Gross pool” means the total amount of money wagered on the outcome of a particular event without any deduction therefrom. (h) “Licensee” means as used herein, a person to whom a pari-mutuel wagering license has been issued by the Mississippi Gaming Commission. (i) “Out-of-State sending track” means a racetrack in a jurisdiction other than the State of Mississippi which is authorized to conduct casino simulcasting and the operator of which is lawfully permitted to conduct a horse or greyhound race and to provide simulcast horse or greyhound races to a casino licensee. (j) “Pari-mutuel” means a system of wagering on a race or sporting event whereby the winners divide the total amount bet, after deducting commission, fees, and taxes, in proportion to the amount individually wagered. (k) "Pari-mutuel machine" means a mechanical, electrical or other device which is connected to a totalisator and which generates pari-mutuel tickets and credit vouchers, reads pari-mutuel tickets and receives from the totalisator the amount to be paid for winning, cancelled or refunded pari- mutuel tickets, and reads credit vouchers and calculates the amount to be paid therefor. (l) "Pari-mutuel ticket" means a paper ticket or electronic transaction representing such ticket issued by a pari-mutuel machine or a self-service pari-mutuel machine which represents a wager on a simulcast horse race. (m) "Simulcast horse race" means a running or harness horse race or greyhound race conducted at a racetrack which is simultaneously transmitted by picture to a casino licensee. (n) “Totalisator” means a computer system which directly or indirectly through one or more other totalisator systems, receives pari-mutuel wagering information, calculates payoffs for winning pari-mutuel tickets, generates reports with respect to such information, and automatically ceases wagering, in accordance with internal controls, in the event that the transmission of data from a sending track has been interrupted. (o) “Win, place, show” refers to the entrants respectively placing first, second and third in the outcome of an event; also refers to the respective wagers or pools.