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            Unless the context indicates otherwise, the following terms shall have the meaning ascribed to them below:

            (1) “Audited net profits” means the total commissions retained by an association on pari-mutuel wagers placed at a specific offtrack wagering facility, less breakage, settlements, and taxes applicable to such wagers.

            (2) “Eligible applicants” means the primary licensee fulfilling the licensure criteria described in this Part.

            (3) “Exotic wagers” or “exotic wagering pools” include all pari-mutuel pools except the win, place, or show pools conducted at each race meeting in this state. Examples of exotic wagering pools in common usage are daily double pools, exacta pools, trifecta pools, twin trifecta pools, pick-six pools, and quinella pools.

            (4) “Host entity” means an entity licensed by the Louisiana Gaming Control Board to conduct sports wagering in its sports book lounge in accordance with Chapter 10 of Title 27 of the Louisiana Revised Statutes of 1950; however, it shall not include an entity that is also the holder of a license as defined in La. Rev. Stat. 27:353 and provided for in Chapter 7 of Title 27 of the Louisiana Revised Statutes of 1950.

            (5) “Host track” means the Louisiana track at which the race is run.

            (6) “Net commission” means the commission retained by a licensee on pari-mutuel wagers on historical horse races, less breakage, settlements, and taxes applicable to such wagers.

            (7) “Offtrack wagering facility” means the licensed and authorized location where offtrack wagers may be accepted.

            (8) “Offtrack wagering facility licensee” means an association that has been licensed by the Louisiana State Racing Commission to operate an offtrack wagering facility.

            (9) “Pari-mutuel facility” means any pari-mutuel race track conducting race meetings during the 1986-87 racing season and licensed prior to June 30, 1987.

            (10) “Parish seat” means the facility, courthouse, meeting hall, etc., at which the parish governing authority meets on a regular basis in an official capacity.

            (11) “Primary licensee” means the licensed association conducting the majority of race days at a pari-mutuel facility.

            Acts 1987, No. 203, §1, eff. June 30, 1987; Acts 2021, No. 437, §1, eff. June 21, 2021; Acts 2022, No. 530, §1, eff. June 16, 2022.