Connecticut General Statutes 12-572b – Advance deposit wagers. Penalties
(a) For the purposes of this section, “advance deposit wager” means an off-track betting wager on racing events by means of telephone or other electronic means. Any advance deposit wager that originates or is placed from within the boundaries of the state shall be considered to be a wager made exclusively in the state.
Terms Used In Connecticut General Statutes 12-572b
- Business organization: means a partnership, incorporated or unincorporated association, firm, corporation, trust or other form of business or legal entity, other than a financial institution regulated by a state or federal agency which is not exercising control over an association licensee, but does not mean a governmental or sovereign entity. See Connecticut General Statutes 12-557b
- person: means any individual, partnership, company, limited liability company, public or private corporation, society, association, trustee, executor, administrator or other fiduciary or custodian. See Connecticut General Statutes 12-1
(b) (1) No person or business organization, other than the authorized operator of the off-track betting system, shall conduct off-track betting in the state or accept off-track betting wagers or advance deposit wagers originating or placed from within the boundaries of the state.
(2) A violation of subdivision (1) of this subsection shall be an unfair trade practice pursuant to subsection (a) of § 42-110b and any person or business organization that violates the provisions of said subdivision shall be further subject to the penalty for professional gambling, as provided in subsection (b) of § 53-278b, and for transmission of gambling information, as provided in subsection (a) of § 53-278d.