A disseminator is an individual who provides information about horse racing or other types of racing to licensed operators of race books. This information is essential for determining winners and calculating payoffs on wagers placed by bettors. To act as a disseminator, one must hold a valid license and may charge a fee for the information provided.
The term "disseminator" is commonly used in the context of gambling and racing law. It is relevant in legal practices concerning wagering on events that utilize the pari-mutuel system. Individuals or businesses engaging in this activity must comply with state regulations regarding licensing and information sharing. Users can manage related forms and procedures through resources like US Legal Forms, which offers templates drafted by qualified attorneys.
Here are a couple of examples of abatement:
Example 1: A licensed disseminator provides real-time data about horse racing results to a race book operator, helping them determine payouts for bettors.
Example 2: A company that specializes in gathering and distributing racing statistics charges race book operators for access to their detailed reports. (hypothetical example)
One relevant statute is the Nevada Revised Statutes, specifically Nev. Rev. Stat. Ann. § 463.0147, which defines a disseminator and outlines their role in providing information to licensed operators of race books.
| State | Licensing Requirements | Information Usage |
|---|---|---|
| Nevada | Requires a specific license for disseminators. | Information must be used by licensed race book operators. |
| New Jersey | Similar licensing requirements as Nevada. | Information can be used by both sports pools and race books. |
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
| Term | Definition |
|---|---|
| Disseminator | A person providing information related to racing for licensed operators. |
| Race Book Operator | A business that accepts wagers on horse racing or other events. |
| Wager | A bet placed on the outcome of a race or event. |
If you are considering becoming a disseminator, ensure you obtain the necessary licensing from your state's gaming authority. It may also be beneficial to explore legal templates available through US Legal Forms to assist with compliance and documentation. If your situation is complex, consulting a legal professional is advisable.
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A disseminator provides information about racing events to licensed operators, helping them manage wagers and payouts.