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For the purpose of this chapter:

A. "Gambling" means risking anything of value for a return or risking anything of value upon the outcome of a contest, game, gaming scheme, or gaming device when the return or outcome is based upon an element of chance and is in accord with an agreement or understanding that someone will receive something of value in the event of a certain outcome, and gambling includes a lottery. Gambling does not include:

1. A lawful business transaction; or

2. Playing an amusement device that confers only an immediate and unrecorded right of replay not exchangeable for value.

B. "Gambling bet" means money, checks, credit, or any other representation of value.

C. "Gambling device or record" means anything specifically designed for use in gambling or used primarily for gambling.

D. "Gambling proceeds" means anything of value used in gambling.

E. "Lottery" means any scheme for the disposal or distribution of property by chance among persons who have paid or promised to pay any valuable consideration for the chance of obtaining property or portion of it, or for any share or any interest in property upon any agreement, understanding, or expectation that it is to be distributed or disposed of by lot or chance, whether called a lottery, raffle, or gift enterprise, or by whatever name it may be known. (Code 1975 § 13-1111)