Terms Used In New York Laws > Racing, Pari-Mutuel Wagering and Breeding Law > Article 14 - Interactive Fantasy Sports

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Authorized player: shall mean an individual located in New York state, who is not a prohibited player, that participates in an interactive fantasy sports contest offered by a registrant. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
• Collegiate sport or athletic event: shall mean a sport or athletic event offered or sponsored by or played in connection with a public or private institution that offers education services beyond the secondary level. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
• Commission: shall mean the New York state gaming commission. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
• Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
• contest: shall mean a game of skill wherein one or more contestants compete against each other by using their knowledge and understanding of athletic events and athletes to select and manage rosters of simulated players whose performance directly corresponds with the actual performance of human competitors on sports teams and in sports events. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Dependent: A person dependent for support upon another.
• Entry fee: shall mean cash or cash equivalent that is paid by an authorized player to an operator or registrant to participate in an interactive fantasy sports contest offered by such operator or registrant. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• High school sport or athletic event: shall mean a sport or athletic event offered or sponsored by or played in connection with a public or private institution that offers education services at the secondary level. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
• Highly experienced player: shall mean an authorized player who has:
  
  (a) entered more than one thousand contests offered by a single operator or registrant; or
  
  (b) won more than three prizes valued at one thousand dollars each or more from a single operator or registrant. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
• Horse racing event: shall mean any sport or athletic event conducted in New York state subject to the provisions of articles two, three, four, five, six, nine, ten and eleven of this chapter, or any sport or athletic event conducted outside of New York state, which if conducted in New York state would be subject to the provisions of this chapter. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
• Interactive fantasy sports gross revenue: shall mean the amount equal to the total of all entry fees not attributable to New York state prohibited sports events that a registrant collects from all players, less the total of all sums not attributable to New York state prohibited sports events paid out as winnings to all players, multiplied by the resident percentage for New York state; provided, however, that the total of all sums paid out as winnings to players shall not include the cash equivalent value of any merchandise or thing of value awarded as a prize. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Minor: shall mean any person under the age of eighteen years. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• operator: shall mean any person or entity that offers any interactive fantasy sports contest to any authorized player through any interactive fantasy sports platform. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
• Oversight: Committee review of the activities of a Federal agency or program.
• platform: shall mean the combination of hardware, software, and data networks used to manage, administer, or control contests and any associated entry fees. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
• Prohibited player: shall mean :
  
  (a) any member, officer, employee or agent of an operator or registrant;
  
  (b) any spouse, child, brother, sister or parent residing as a member of the same household in the principal place of abode of any member, officer, employee or agent of an operator or registrant;
  
  (c) any individual with access to non-public confidential information about contests;
  
  (d) any amateur or professional athlete whose performance may be used to determine the outcome of a contest;
  
  (e) any sports agent, team employee, referee, or league official associated with any sport or athletic event on which contests are based;
  
  (f) any individual located in a state where the conduct of contests is expressly prohibited; or
  
  (g) any minor. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
• Prohibited sports event: shall mean any collegiate sport or athletic event, any high school sport or athletic event or any horse racing event. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
• registrant: shall mean an operator that is registered by the commission. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
• Resident percentage: shall mean , for each interactive fantasy sports contest, the percentage, rounded to the nearest tenth of a percent, of the total entry fees collected from players located in New York state, divided by the total entry fees collected from all players in interactive fantasy sports contests not prohibited in New York state. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401
• Sports event: shall mean any amateur or professional sport or athletic event, except a prohibited sports event. See N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 1401