Terms Used In Iowa Code > Chapter 99F - Gambling Games and Sports Wagering Regulation

• Adjusted gross receipts: means the gross receipts on gambling games less winnings paid to wagerers on gambling games and less promotional play receipts on gambling games. See Iowa Code 99F.1
• Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. ^{Source: FDIC}
• Applicant: means any person applying for an occupational license or applying for a license to operate an excursion gambling boat, or the officers and members of the board of directors of a qualified sponsoring organization located in Iowa applying for a license to conduct gambling games on an excursion gambling boat. See Iowa Code 99F.1
• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• Authorized sporting event: means a professional sporting event, collegiate sporting event, international sporting event, or professional motor race event. See Iowa Code 99F.1
• Claimant agency: means a public agency as defined in section 421. See Iowa Code 99F.1
• Collegiate sporting event: means an athletic event or competition of an intercollegiate sport as defined in section 9A. See Iowa Code 99F.1
• Commission: means the state racing and gaming commission created under section 99D. See Iowa Code 99F.1
• Contract: A legal written agreement that becomes binding when signed.
• Conviction: A judgement of guilt against a criminal defendant.
• 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.
• Distributor: means a person who sells, markets, or otherwise distributes gambling games or implements of gambling which are usable in the lawful conduct of gambling games pursuant to this chapter, to a licensee authorized to conduct gambling games pursuant to this chapter. See Iowa Code 99F.1
• Division: means the division of criminal investigation of the department of public safety as provided in section 80. See Iowa Code 99F.1
• Dock: means the location where an excursion gambling boat moors for the purpose of embarking passengers for and disembarking passengers from a gambling excursion. See Iowa Code 99F.1
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Ex officio: Literally, by virtue of one's office.
• Excursion boat: means a self-propelled, floating vessel that is or has been previously certified for operation as a vessel. See Iowa Code 99F.1
• Excursion gambling boat: means an excursion boat or moored barge on which lawful gambling is authorized and licensed as provided in this chapter. See Iowa Code 99F.1
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
• Gambling excursion: means the time during which gambling games may be operated on an excursion gambling boat whether docked or during a cruise. See Iowa Code 99F.1
• Gambling game: means any game of chance authorized by the commission. See Iowa Code 99F.1
• Gambling structure: means any man-made stationary structure approved by the commission that does not include a racetrack enclosure which is subject to land-based building codes rather than maritime or Iowa department of natural resources inspection laws and regulations on which lawful gambling is authorized and licensed as provided in this chapter. See Iowa Code 99F.1
• Gaming floor: means that portion of an excursion gambling boat, gambling structure, or racetrack enclosure in which gambling games are conducted as designated by the commission. See Iowa Code 99F.1
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Gross receipts: means the total sums wagered under this chapter. See Iowa Code 99F.1
• International sporting event: means an international team or individual sporting event governed by an international sports federation or sports governing body, including sporting events governed by the international olympic committee and the international federation of association football. See Iowa Code 99F.1
• Internet: means the federated international system that is composed of allied electronic communication networks linked by telecommunication channels, that uses standardized protocols, and that facilitates electronic communication services, including but not limited to use of the world wide web; the transmission of electronic mail or messages; the transfer of files and data or other electronic information; and the transmission of voice, image, and video. See Iowa Code 4.1
• Internet site: means a specific location on the internet that is determined by internet protocol numbers, by a domain name, or by both, including but not limited to domain names that use the designations ". See Iowa Code 4.1
• 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.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Legal tender: coins, dollar bills, or other currency issued by a government as official money. ^{Source: U.S. Mint}
• Licensee: means any person licensed under section 99F. See Iowa Code 99F.1
• Lien: A claim against real or personal property in satisfaction of a debt.
• Manufacturer: means a person who designs, assembles, fabricates, produces, constructs, or who otherwise prepares a product or a component part of a product of any implement of gambling usable in the lawful conduct of gambling games pursuant to this chapter. See Iowa Code 99F.1
• Minor league sporting event: means a sporting event conducted by a sports league which is not regarded as the premier league in the sport as determined by the commission. See Iowa Code 99F.1
• Moored barge: means a barge or vessel that is not self-propelled. See Iowa Code 99F.1
• 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.
• person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
• Professional sporting event: means an event, excluding a minor league sporting event, at which two or more persons participate in sports or athletic events and receive compensation in excess of actual expenses for their participation in such event, unless the event includes professional athletes participating in a sports or athletic event without compensation in excess of actual expenses for a charitable purpose. See Iowa Code 99F.1
• Promotional play receipts: means the total sums wagered with tokens, chips, electronic credits, or other forms of cashless wagering provided by the licensee without an exchange of money as described in section 99F. See Iowa Code 99F.1
• property: includes personal and real property. See Iowa Code 4.1
• Qualified sponsoring organization: means a nonprofit corporation organized under the laws of this state, whether or not it is exempt from federal income taxation, or a person or association that can show to the satisfaction of the commission that the person or association is eligible for exemption from federal income taxation under section 501(c)(3), 501(c)(4), 501(c)(5), 501(c)(6), 501(c)(7), 501(c)(8), 501(c)(10), or 501(c)(19) of the Internal Revenue Code as defined in section 422. See Iowa Code 99F.1
• Racetrack enclosure: means all real property utilized for the conduct of a race meeting, including the racetrack, grandstand, concession stands, offices, barns, kennels and barn areas, employee housing facilities, parking lots, and any additional areas designated by the commission. See Iowa Code 99F.1
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• Rule: includes "regulation". See Iowa Code 4.1
• Sports wagering: means the acceptance of wagers on an authorized sporting event or sports-related event by any system of wagering as authorized by the commission. See Iowa Code 99F.1
• Sports wagering area: means an area, as designated by the commission, in which sports wagering is conducted. See Iowa Code 99F.1
• Sports wagering net receipts: means the gross receipts less winnings paid to wagerers and less promotional play receipts on sports wagering. See Iowa Code 99F.1
• Sports-related event: includes but is not limited to professional sports drafts and individual player awards. See Iowa Code 99F.1
• state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
• United States: includes all the states. See Iowa Code 4.1
• year: means twelve consecutive months. See Iowa Code 4.1