wageringlaws
nounUK /ˈweɪdʒərɪŋ lɔːz/
US /ˈweɪdʒərɪŋ lɔːz/
Rules that say how people can make bets with money.
The new wageringlaws make it illegal to bet on school sports.
OTHER MEANINGS
2. Official rules that control how much money can be won or lost in games of chance.
Casinos must follow strict wageringlaws to protect players.
3. Laws that decide where and when people are allowed to place bets.
Some states have different wageringlaws for online betting.
4. Rules about paying taxes on money won from bets.
The wageringlaws require winners to report their prizes.