Invention Grant
- Patent Title: System and method of networked wagering
- Patent Title (中): 网络投注系统和方法
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Application No.: US12150620Application Date: 2008-04-30
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Publication No.: US08229755B2Publication Date: 2012-07-24
- Inventor: David A. Felice
- Applicant: David A. Felice
- Agency: Ballard Spahr LLP
- Main IPC: G06Q10/00
- IPC: G06Q10/00 ; G06Q99/00

Abstract:
A system and method to permit foreign or interstate wagering from remote locations where the wager is placed, accepted and settled all within a state, territory or other forum where wagering and other gaming is sanctioned. An organization situated in the forum location (the “forum host”) establishes and maintains a business entity to bestow an intra-forum presence to the foreign or interstate player. Through the business entity, the forum host can account for the player's wagers, winnings and losses, while at the same time, allocating and/or collecting the appropriate federal, state and/or local taxes and fees on the member/player's account. The process is automated via a host computer system, which manages betting activities of a plurality of members/players, and enables one or more players at a remote location to participate in intrastate gaming for purposes of the local forum's laws, rules and regulations affecting the gaming industry.
Public/Granted literature
- US20090275396A1 System and method to transfigure foreign or interstate wagering to an intrastate, sanctioned activity Public/Granted day:2009-11-05
Information query