99E.1 Definitions. As used in this chapter, unless the context otherwise requires: 1. “Applicant” means an internet fantasy sports contest service provider applying for a license to conduct internet fantasy sports contests under this chapter. 2. “Commission” means the state racing and gaming commission created under section 99D.5. 3. “Fantasy sports contest” includes any fantasy […]
99E.10 Civil penalty. A person who willfully fails to comply with the requirements of this chapter and the rules adopted pursuant to chapter 17A under this chapter shall be liable for a civil penalty of not more than one thousand dollars for each violation, not to exceed ten thousand dollars for violations arising out of […]
99E.2 Internet fantasy sports contests authorized. The system of entering an internet fantasy sports contest as provided by this chapter is legal when conducted by a licensed internet fantasy sports contest service provider as provided in this chapter. 2019 Acts, ch 132, §27, 45, 46
99E.3 Commission — powers. 1. The commission shall have full jurisdiction over and shall supervise internet fantasy sports contests and internet fantasy sports contest service providers as governed by this chapter. 2. The commission shall have the following powers and shall adopt rules pursuant to chapter 17A to administer and implement this chapter: a. To […]
99E.4 Requirements of applicant — fee. 1. An applicant for a license to conduct internet fantasy sports contests shall complete and sign an application on the form prescribed and published by the commission. The application shall include such information of the applicant that the commission deems necessary for purposes of issuing a license pursuant to […]
99E.5 Licenses — fees — terms and conditions — revocation. 1. If the commission is satisfied that the requirements of this chapter and its rules adopted under this chapter applicable to licensees have been or will be complied with, the commission shall, upon payment of an initial license fee of five thousand dollars, issue a […]
99E.6 Internet fantasy sports contest tax — rate — allocation. 1. A tax is imposed on internet fantasy sports contest adjusted revenues received each fiscal year by an internet fantasy sports contest service provider from internet fantasy sports contests authorized under this chapter at the rate of six and three-quarters percent. 2. The taxes imposed […]
99E.7 Internet fantasy sports contests — age restrictions. A person under the age of twenty-one years shall not enter an internet fantasy sports contest. A person who violates this section with respect to entering an internet fantasy sports contest commits a scheduled violation under section 805.8C, subsection 12. 2019 Acts, ch 132, §32, 45, 46 […]
99E.8 Licensees — records — reports — confidentiality. 1. An internet fantasy sports contest service provider shall keep its books and records so as to clearly show the internet fantasy sports contest adjusted revenues for each internet fantasy sports contest subject to tax in this state. 2. a. The licensee shall furnish to the commission […]
99E.9 Annual audit of licensee operations. Within one hundred eighty days after the end of the licensee’s fiscal year, the licensee shall transmit to the commission an audit of the licensee’s total internet fantasy sports contest operations, including an itemization of all expenses and subsidies. Each audit shall be conducted by a certified public accountant […]
