There’s a good number of terms Illinois terminal operators like Awesome Hand Gaming use that are pretty mysterious. Here’s a helpful glossary of gaming operator terms to clarify some of the confusion you might have:
Associated video gaming equipment: Ticket payout systems and validation procedures; wireless, promotional and bonusing systems; kiosks; gaming-related peripherals; hardware, software and systems; and other gaming devices and equipment for compliance with:
Illinois laws, regulations and requirements as codified or otherwise set forth; and Board-approved video gaming industry standards.
AHG: Awesome Hand Gaming – Illinois’ premier video gaming terminal operator.
Big hit: Big hit is a slots reference to hitting the jackpot combination on the slots.
Bonus feature: Bonus features are offered on many slot machines today. Bonus features include wild cards or symbols and free spins.
Cash Out: Button on the video gaming terminal which will tabulate your winnings and issue a ticket, which you can then take to the payout redemption machine
Collect: Collect is usually a button or option on the slot machine that enables the slots player to convert their credits into cash.
Credit: One, 5, 10, or 25 cents either won or purchased by a player.
Distributor: An individual, partnership, corporation or limited liability company licensed under the The Video Gaming Act to buy, sell, lease or distribute video gaming terminals or major components or parts of video gaming terminals to or from terminal operators.
Electronic voucher: A voucher printed by an electronic video game machine that is redeemable in the licensed establishment for which it was issued.
EPROM: An acronym for Erasable, Programmable, Read Only Memory, which is a microprocessor component that stores memory and affects payout percentage and/or contains a random number generator that selects the outcome of a game on a video gaming terminal.
Fraternal organization: An organization or institution organized and conducted on a not-for-profit basis with no personal profit inuring to anyone as a result of the operation and that is exempt from federal income taxation under section 501(c)(8) or (c)(10) of the Internal Revenue Code (26 USC 501(c)(8) or (c)(10)).
Free Slot Play: Cash value put into slot machine which is turned into gaming credits.
Per the IGB Inducement Policies, Licensed locations may give away coupons redeemable for free play however, Terminal Operators (Awesome Hand Gaming), cannot contribute to the payment.
Gamer rewards: Items of nominal value offered to video gamers from the terminal operator such as keychains, koozies, and lighters. Could also be items, free slot play, or food from the licensed location.
Gaming: The action or practice of playing gambling games.
Hold percentage: Hold percentage is a term referring to how much of a players money is kept. As an example, if 99% of player money is paid back over time, the hold percentage would be 1%.
IGB: The “Illinois Gaming Board” A five-member board, appointed by the Governor and confirmed by the Senate. The Board administers a regulatory and tax collection system for riverboat casino gambling and video gaming in Illinois.
Jackpot: A large cash prize in a game or lottery, especially one that accumulates until it is won.
Licensed establishment: Any retail establishment licensed under the Video Gaming Act where alcoholic liquor is drawn, poured, mixed or otherwise served for consumption on the premises. Licensed establishment does not include a facility operated by an organization licensee, an intertrack wagering licensee, or an intertrack wagering location licensee licensed under the Illinois Horse Racing Act of 1975 [230 ILCS 5] or a riverboat licensed under the Riverboat Gambling Act [230 ILCS 10].
Licensed fraternal establishment: The location licensed under the Video Gaming Act where a qualified fraternal organization that derives its charter from a national fraternal organization regularly meets.
Licensed technician: An individual who is licensed under the Video Gaming Act to repair, service, and maintain video gaming terminals. A licensed technician is not licensed under the Act to possess or control a video gaming terminal or have access to the inner workings of a video gaming terminal (i.e., the logic area maintained in a separately locked cabinet of the video gaming terminal that houses electronic components that have the potential to significantly influence the operation of the video gaming terminal).
Licensed terminal handler: A person, including but not limited to an employee or independent contractor working for a manufacturer, distributor, supplier, technician or terminal operator, who is licensed under the Video Gaming Act to possess or control a video gaming terminal or to have access to the inner workings of a video gaming terminal. A licensed terminal handler does not include an individual, partnership, corporation or limited liability company defined as a manufacturer, distributor, supplier, technician or terminal operator under Section 5 of the Video Gaming Act.
Licensed truck stop establishment: A facility licensed under the Video Gaming Act that is at least a 3-acre facility with a convenience store, that has separate diesel islands for fueling commercial motor vehicles, that sells at retail more than 10,000 gallons of diesel or biodiesel fuel per month, and that has parking spaces for commercial motor vehicles. “Commercial motor vehicles” has the same meaning as defined in Section 18b-101 of the Illinois Vehicle Code [625 ILCS 5/18b-101]. The 10,000 gallon requirement may be met by showing that estimated future sales or past sales average at least 10,000 gallons per month.
Licensed veterans establishment: The location licensed under the Act where a qualified veterans organization that derives its charter from a national veterans organization regularly meets.
Licensed video gaming location: A licensed establishment, licensed fraternal establishment, licensed veterans establishment, or licensed truck stop establishment, all as defined in Section 5 of the Video Gaming Act.
Liquor license: A license issued by a governmental body authorizing the holder to sell and offer for sale at retail alcoholic liquor for use or consumption.
Manufacturer: An individual, partnership, corporation or limited liability company that is licensed under the Video Gaming Act and that manufactures or assembles video gaming terminals. Ex. Bally, IGT, Scientific Games
Max bet: The maximum wager played per game, which, according to Illinois law, shall not exceed $4 on a VGT. The $4 dollar maximum bet limit must be ensured at all times and may not be bypassed by any extended features such as double up, double down, splits, extra credits wagered during bonus, etc.
Net terminal income: Money put into a video gaming terminal minus credits paid out to players.
Payback percentage: Payback percentage is a reference to the amount of money a slot machine should return to slots players over a period of time.
Payout: The payout is the amount won for a winning combination on the slot machine.
Payout device: A device, approved by the Illinois Gaming Board and provided by a supplier or distributor, that redeems for cash tickets dispensed by a video gaming terminal in exchange for credits accumulated on a video gaming terminal.
Person with significant interest or control: Any of the following:
Each person in whose name the liquor license is maintained for each licensed video gaming location;
Each person who, in the opinion of the Administrator, has the ability to influence or control the activities of the applicant or licensee, or elect a majority of its board of directors, other than a bank or licensed lending institution that holds a mortgage or other lien, or any other source of funds, acquired in the ordinary course of business;
Persons having the power to exercise significant influence or control over decisions concerning any part of the applicant’s or licensee’s video gaming operation;
Each person who receives any net terminal income pursuant to a contractual agreement;
Any business entity that holds an option agreement to acquire an equity stake in a terminal operator licensee.
Poker: A VGT game based on five-card draw poker. Variations include games like Deuces Wild and Jacks or Better.
Redemption period: The one-year period, starting on the date of issuance, during which a ticket dispensed by a video gaming terminal may be redeemed for cash.
Reels: The reels are the disks that spin inside the slot machine window with the symbols on them. By matching the appropriate symbols, slots players can win money.
Security agreement: An agreement that creates or provides a security interest, including but not limited to a use agreement.
Slots: A coin-operated gaming machine that generates random combinations of symbols on a dial, certain combinations winning varying amounts of money for the player.
Sole proprietor: An individual who in his or her own name owns 100% of the assets and who is solely liable for the debts of a business.
Spin: The spin button or pulling the lever on the side of the slot machine activates the spinning of the reels to determine if you won or not.
Supplier: An individual, partnership, corporation or limited liability company that is licensed under the Video Gaming Act to supply major components or parts to video gaming terminals to licensed terminal operators.
Symbols: Symbols are the different illustrations on the various slot machine reels. These include standard symbols like cherries and dollar signs in addition to many more symbols on slot machine reels today.
Terminal: A device at which a user enters data or commands for a computer system and that displays the received output.
Terminal operator: An individual, partnership, corporation or limited liability company that is licensed under the Video Gaming Act that owns, services, and maintains video gaming terminals for placement in licensed establishments, licensed truck stop establishments, licensed fraternal establishments or licensed veterans establishments.
The Video Gaming Act [230 ILCS 40]: Signed on July 13, 2009, “the Act” was signed, making Licensed Video Gaming Terminals legal in Illinois. The Act allows for Licensed Video Gaming Terminals to be placed in certain liquor establishments, truck stops and fraternal/veterans clubs throughout the State.
Use agreement: A contractual agreement between a licensed terminal operator and a licensed video gaming location establishing terms and conditions for placement and operation of video gaming terminals by the licensed terminal operator within the premises of the licensed video gaming location, and complying with all of the minimum standards for use agreements contained in Section 1800.320.
Veterans organization: An organization or institution organized and conducted on a not-for-profit basis with no personal profit inuring to anyone as a result of the operation and that is exempt from federal income taxation under section 501(c)(19) of the Internal Revenue Code (26 USC 501(c)(19)).
VGT: Video Gaming Terminal
Video Gaming: the most popular type of slot machines particularly because they offer a literally unlimited variety of gaming options both for software developers and gamblers. Also known as VGT’s.
Video Gaming Applicant: A person applying for any license under the Video Gaming Act.
Video Gaming Application: All material submitted, including the instructions, definitions, forms and other documents issued by the Illinois Gaming Board, comprising the video gaming license application submitted to the Illinois Gaming Board.
Video gaming equipment: Video gaming terminals, associated video gaming equipment and major components or parts.
Video Gaming License: Authorization granted by the Board permitting a licensee to engage in the defined activities of video gaming.
Video gaming manager: An employee or owner or designated representative of a licensed video gaming location who manages, oversees or is responsible for video gaming operations at the location, and coordinates the video gaming operations with a terminal operator or the central communications system vendor.
Video gaming terminal: Any electronic video game machine that, upon insertion of cash, is available to play or simulate the play of a video game, including but not limited to video poker, line up, and blackjack, as authorized by the Board utilizing a video display and microprocessors in which the player may receive free games or credits that can be redeemed for cash. The term does not include a machine that directly dispenses coins, cash, or tokens or is for amusement purposes only.