Sunday, May 26, 2013

E-3: Defining What Is/Isn't Gambling Part 1


360 LEGAL LOUNGE – INSTALLMENT #3
DEFINING (FROM A LEGAL PERSPECTIVE) WHAT IS/ISN’T GAMBLING

 Elements (& Legal definitions) of Gambling: Prize, Chance & Consideration.

  •  By Definition, there are some things that just are not gambling…

o   Amusement
o   Tourneys
o   Fantasy Leagues
o   Donation Requested   

  • What is universally reviewed as gambling is…

o   Slots
o   Lotteries
o   Banked Table Games
o   Sports Betting
o   Bingo
o   Horse Racing