Section 9-24-104 – Distribution of Revenue.
9-24-104. Distribution of revenue. Not later than the fifteenth day of each month, in accordance with commission rules, a sports wagering operator shall remit ten percent (10%) of online sports wagering revenue from the prior month to the commission. Each fiscal year, the first three hundred thousand dollars ($300,000.00) of revenue generated under this section […]
Section 9-24-105 – Age to Engage in Online Sports Wagering.
9-24-105. Age to engage in online sports wagering. No person under the age of eighteen (18) years shall engage in online sports wagering.
Section 9-24-106 – Penalties; Compliance.
9-24-106. Penalties; compliance. (a) Any person who knowingly accepts online sports wagers or otherwise operates a business of sports wagering and does not possess a valid permit issued by the commission under this chapter shall be subject to the following, in addition to any penalty imposed under W.S. 6-7-102: (i) For a first offense, a […]
Section 9-24-101 – Definitions.
9-24-101. Definitions. (a) As used in this chapter: (i) “Cash equivalent” means an asset that is convertible to cash and approved for use in connection with online sports wagering. Approved cash equivalents include: (A) Travelers checks; (B) Foreign currency and coin; (C) Certified checks, cashier’s checks and money orders; (D) Personal checks and drafts; (E) […]
Section 9-24-102 – Online Sports Wagering Regulation; Rulemaking.
9-24-102. Online sports wagering regulation; rulemaking. (a) The commission shall regulate online sports wagering and sports wagering operators and vendors. (b) The commission shall promulgate rules to implement this chapter. The rules the commission promulgates shall establish standards and procedures for online sports wagering and associated sports wagering systems. The rules shall include: (i) Governance […]
Section 9-24-103 – Permits; Fees; Application.
9-24-103. Permits; fees; application. (a) A sports wagering operator shall possess a permit issued by the commission to accept online sports wagers. No person shall accept online sports wagers without holding a valid permit issued by the commission. (b) A qualified gaming entity applying for a sports wagering operator permit shall do so on a […]