Advance-deposit wagering (ADW) is a form of gambling on the outcome of horse races in which bettors must fund their account before being allowed to place bets.
In contrast to ADW, credit shops allow wagers without advance funding; accounts are settled at month-end.
These amendment in effect make all online and the vast majority of telephone-based gambling providers in Australia ADWs by law, although unlike the United States the specific term is generally not used colloquially.
Physically provided bookmaking operations do not fall under the Interactive Gambling Act, and thus are regulated through state and territory legislation.
Section 911 requires the New York State Racing and Wagering Board (Board) to assess the impact of advanced deposit wagering (ADW) in New York State including, but not limited to: Section 911 of the Racing Law required that the study, along with any recommendations, be submitted to the Governor and the Legislature by September 15, 2012.