wager
Defined in 1 place of the United States Code.
The term “wager” means—
(A) any wager with respect to a sports event or a contest placed with a person engaged in the business of accepting such wagers,
(B) any wager placed in a wagering pool with respect to a sports event or a contest, if such pool is conducted for profit, and
(C) any wager placed in a lottery conducted for profit.
Source
- 1994–present26 U.S.C. § 4421Internal Revenue Code · Definitions · for purposes of this chapter