§ 5-1307 – Limited event wagering operator licenses; definition
5-1307. Limited event wagering operator licenses; definition A. An event wagering operator may partner with a racetrack enclosure or additional wagering facility that holds a permit that is issued by the division of racing to obtain a limited event wagering license for event wagering only at one specific physical location. On application, the department may […]
§ 5-1308 – Supplier license
5-1308. Supplier license A. The department may issue a supplier license to a person that manufactures, distributes, sells or leases event wagering equipment, systems or other gaming items to conduct event wagering and offers services related to the equipment or other gaming items and data to an event wagering operator or limited event wagering operator […]
§ 5-1309 – Management services provider license
5-1309. Management services provider license A. An event wagering operator may contract with an entity to conduct event wagering in accordance with the rules of the department and this chapter. The entity shall obtain a license from the department as a management services provider pursuant to this chapter and any rules adopted by the department […]
§ 5-1310 – License fees; bond
5-1310. License fees; bond A. The department shall establish and collect fees for applications, initial licenses and renewals of the following: 1. Event wagering operator licenses. 2. Limited event wagering operator licenses. 3. Management services provider licenses. 4. Supplier licenses. B. If actual costs incurred by the department to investigate the background of an applicant […]
§ 5-1311 – License restrictions; prohibited licensees; violation; classification
5-1311. License restrictions; prohibited licensees; violation; classification A. The following persons or their immediate family members may not apply for or obtain a license under this chapter: 1. An employee of the department. 2. An employee of any professional sports team. 3. A coach of or player for a collegiate, professional or olympic sports team […]
§ 5-1312 – Reporting
5-1312. Reporting A. On or before September 30 of each year, the department shall prepare and submit an annual report to the governor, the president of the senate and the speaker of the house of representatives, and shall provide a copy to the secretary of state that contains the following information: 1. The number of […]
§ 5-1313 – Escrow account; insurance; cash-on-hand; financial practices; audit; post-employment restrictions
5-1313. Escrow account; insurance; cash-on-hand; financial practices; audit; post-employment restrictions A. The department shall establish: 1. The amount of a bond in escrow and the amount of cash that must be kept on hand to ensure that adequate reserves exist for payouts. 2. Any insurance requirements for a licensee. 3. Minimum requirements by which each […]
§ 5-1314 – Event wagering authorized
5-1314. Event wagering authorized A. Notwithstanding any other law relating to wagering except for title 5, chapter 1 and title 13, chapter 33, the operation of event wagering is lawful only if the event wagering is conducted in accordance with this chapter and any other relevant laws and rules. B. Notwithstanding section 5-112, wagers on […]
§ 5-1315 – Prohibited wagers
5-1315. Prohibited wagers A. A person may not wager on any of the following: 1. Injuries, penalties and other types or forms of event wagering under this chapter that are contrary to law. 2. Individual actions, events, occurrences or nonoccurrences to be determined during a collegiate sports event, including on the performance or nonperformance of […]
§ 5-1316 – Integrity; reporting prohibited or suspicious conduct; investigations
5-1316. Integrity; reporting prohibited or suspicious conduct; investigations A. All licensees under this chapter shall immediately report to the department and the relevant sports governing body that has requested to receive it any information relating to any of the following: 1. Abnormal betting activity or patterns that may indicate a concern with the integrity of […]