5-1301. Definitions In this chapter, unless the context otherwise requires: 1. " Adjusted gross event wagering receipts" means an event wagering operator’s gross wagering receipts, excluding voided bets, minus winnings paid to authorized participants and any federal excise tax. A deduction from adjusted gross event wagering receipts equal to the value of free bets or […]
5-1302. Department of gaming; powers; duties A. The department shall enforce this chapter and supervise compliance with laws and rules relating to regulating and controlling event wagering in this state. B. The department may adopt rules in accordance with this chapter and title 41, chapter 6. C. The department shall evaluate all applicants to determine […]
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 […]
5-1304. Licensure; application A. The department may issue not more than ten event wagering operator licenses to applicants other than an Indian tribe. The department may issue not more than ten event wagering operator licenses to Indian tribes in this state if the Indian tribe receiving a license has signed the most recent tribal-state gaming […]
5-1305. License review; approval; fees; material change; exemption; display; transferability A. On receipt of a completed application and the required fee, the department shall conduct the necessary background investigation to ensure the applicant is qualified for licensure. On completion of the necessary background investigation, the department shall either issue a license or deny the application. […]
5-1306. License revocation; suspension; denial; grounds; definitions A. The department may revoke, suspend or deny a license when an applicant or licensee meets any of the following criteria: 1. Violates, fails or refuses to comply with the provisions, requirements, conditions, limitations or duties imposed by this chapter and other laws and rules, or if any […]
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 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 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 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 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 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 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 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 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 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 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 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 […]
5-1319. 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 […]
5-1320. Problem gambling; self-exclusion list; program; liabilities A. A licensee shall develop a procedure to inform players that help is available if a person has a problem with gambling and, at a minimum, provide the statewide toll-free helpline telephone number, text message and website information established by the department. B. The department and licensees shall […]
