§ 4-51-304. Taxes — Collection — Disposition of Taxes
It is a taxable privilege to offer sports wagering in this state under a license issued in accordance with this part. Notwithstanding any state law to the contrary, a licensee shall only pay a privilege tax on its adjusted gross income in accordance with this section. There is imposed upon the adjusted gross income of […]
§ 4-51-305. Lottery Corporation Sports Wagering Advisory Council — Creation — Membership — Terms
There is created a lottery corporation sports wagering advisory council to assist the corporation with sports wagering activities. The council is composed of nine (9) members appointed as follows: Three (3) by the governor, with one (1) member from each grand division of this state; Three (3) by the speaker of the senate, with one […]
§ 4-51-306. Powers and Duties of Corporation and Board — Adoption of Rules
The corporation and board shall enforce this part and supervise compliance with laws and rules relating to the regulation and control of wagering on sporting events in this state. The board shall promulgate rules in accordance with this part. Rules of the board promulgated under this part must be adopted, amended, or repealed in the […]
§ 4-51-307. Removal of Member
A member of the council may be removed from the council by the appointing authority if, in the opinion of the appointing authority, the member has committed misfeasance or malfeasance in office or neglect of duty.
§ 4-51-308. Reports of Board
The board shall prepare and submit an annual report to the governor, the speaker of the senate, and the speaker of the house of representatives containing the following information: The number of active licensees; The aggregate gross and net revenue of all licensees; and The financial impact on this state and local governments as the […]
§ 4-51-309. Requirements for Escrow Account — Insurance — Cash-on-Hand
The board shall prescribe by rule: The amount of a bond in escrow and the amount of cash that must be kept on hand to ensure that there exists adequate reserves to pay off bettors; and Any insurance requirements for a licensee. The licensee may maintain the bond at any bank lawfully operating in this […]
§ 4-51-137. Establishment of Mechanism for Lottery Ticket Winner to Make Charitable Contribution
The board, in coordination with the secretary of state, shall establish a mechanism whereby a lottery ticket winner of a drawing-style game may, upon redemption of prize money of one million dollars ($1,000,000) or more, make a charitable contribution of ten percent (10%) of the total prize money, either before taxes or after payment of […]
§ 4-51-201. Purpose — Construction
The purpose of this part is to establish a policy and to provide a system whereby all claimant agencies of this state in conjunction with the corporation shall cooperate in identifying debtors who owe money to the state through its various claimant agencies or to persons on whose behalf the state and its claimant agencies […]
§ 4-51-202. Part Definitions
As used in this part, unless the context otherwise requires: “Claimant agency” means any state agency, department, board, bureau, commission, or authority to which an individual owes a debt or that acts on behalf of an individual to collect a debt; “Debt” means any liquidated sum due and owing any claimant agency, which sum has […]
§ 4-51-203. Collection Remedy
The collection remedy authorized by this part is in addition to and not in substitution for any other remedy available by law.