Section 29B Meaning of other termsF1

In this Part—

• “bet” does not include any bet made or stake hazarded in the course of, or incidentally to, any gaming;

• “betting exchange provider” has the meaning given by section 27C(1);

• “bookmaker” means a person who carries on the business of—

  1. (a)

     receiving or negotiating bets, or

  2. (b)

     conducting pool betting operations;

  and in paragraph (b), “pool betting” has the same meaning as in the Gambling Act 2005 (see section 12 of that Act);

• “levy period” means the period—

  1. (a)

     beginning with the day after that on which the Horserace Betting Levy Regulations 2017 come into force and ending with 31 March 2018, and

  2. (b)

     each subsequent period of 12 months beginning with 1 April;

• “winnings” means winnings of any kind, and references to the payment of and deduction from winnings are to be read accordingly.