§ 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 […]
§ 5-1317 – Sports governing body agreements
5-1317. Sports governing body agreements This chapter does not prohibit a sports governing body on whose events the department has authorized wagering from entering into agreements with licensees in which the sports governing body may share in the amount bet from sports wagering on the events of the sports governing body. A sports governing body […]
§ 5-1318 – Fees; event wagering fund
5-1318. Fees; event wagering fund A. The department shall establish a fee for the privilege of operating event wagering. In determining the fee, the department shall consider the highest percentage of revenue share that an Indian tribe pays to this state pursuant to the tribal-state gaming compact. The fee may not exceed ten percent of […]
§ 5-1303 – Event wagering; license required; exception
5-1303. Event wagering; license required; exception A. Event wagering may be conducted only to the extent that it is conducted in accordance with this chapter. A person may not offer any activity in connection with event wagering in this state unless all necessary licenses have been obtained in accordance with federal and state law and […]
§ 5-1319 – Financial responsibility
5-1319. Financial responsibility On or before July 1 of each year, a licensed event wagering operator and management services provider shall contract with a certified public accountant to perform an independent audit, in accordance with generally accepted accounting principles published by the American institute of certified public accountants, the financial condition of the licensed event […]