Section 138.511 - Definitions for KRS 138.510 to 138.550As used in KRS 138.510 to 138.550:
(1) "Advanced deposit account wagering" has the same meaning as in KRS 230.210;(2) "Advanced deposit account wagering license" has the same meaning as in KRS 230.210;(3) "Association" has the same meaning as in KRS 230.210;(4) "Corporation" means the Kentucky Horse Racing and Gaming Corporation;(5) "Daily average live handle" means: (a) The handle from wagers made at a track on live racing during the fiscal year, excluding amounts wagered: 2. At a simulcast facility;3. On telephone account wagering;4. Through advance deposit account wagering;5. At a track participating as a receiving track or simulcast facility displaying simulcasts and conducting interstate wagering as permitted by KRS 230.3771 and 230.3773; and6. Beginning April 1, 2014, on historical horse races; divided by:(b) The total number of days that live racing was conducted at the track during the fiscal year;(6) "Department" means the Department of Revenue;(7) "Fiscal year" means a time frame beginning 12:01 a.m. July 1, and ending 12 midnight June 30;(8) "Handle" means total wagers made on a race;(9)(a) "Historical horse race" means any horse race that:1. Was previously run at a licensed pari-mutuel facility in the United States;2. Concluded with official results; and3. Concluded without scratches, disqualifications, or dead-heat finishes.(b) As used in this subsection, the terms "pari-mutuel," "scratch," "disqualification," and "dead heat" have the same meaning as established by the corporation pursuant to an administrative regulation promulgated under KRS Chapter 13A;(10) "Host track" has the same meaning as in KRS 230.210;(11) "Interstate wagering" has the same meaning as in KRS 230.210;(12) "Intertrack wagering" has the same meaning as in KRS 230.210;(13) "Kentucky resident" means: (a) An individual domiciled within this state;(b) An individual who maintains a place of abode in this state and spends, in the aggregate, more than one hundred eighty-three (183) days of the taxable year in this state; or(c) An individual who lists a Kentucky address as his or her principal place of residence when applying for an account to participate in advance deposit account wagering;(14) "Receiving track" has the same meaning as in KRS 230.210;(15) "Simulcast facility" has the same meaning as in KRS 230.210;(16) "Takeout" means that portion of the handle which is distributed to persons other than those making wagers;(17) "Telephone account wagering" has the same meaning as in KRS 230.210; and(18) "Track" has the same meaning as in KRS 230.210.Amended by 2024 Ky. Acts ch. 171,§ 44, eff. 7/1/2024.Amended by 2014 Ky. Acts ch. 102,§ 6, eff. 4/10/2014.Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 107, effective7/15/2010. -- Created 2009, (1st Extra. Sess.) Ky. Acts ch. 1, sec. 106, effective 6/26/2009.