RS 9096 - Sports wagering service providers; permit; fee
A. The corporation shall issue a sports wagering service provider permit to suitable persons which contract with an operator to provide support services for an operator's sports book. A person shall not provide support services to the operator without a valid permit.
B. Any contract between the corporation and a sports wagering service provider shall provide for access to the corporation of any information maintained by the platform provider for verification of compliance with this Chapter.
C. A sports wagering service provider shall keep books and records for the management of sports wagering as authorized by this Chapter and for services for which it is contracted by the operator. The keeping of books and records shall be separate and distinct from any other business the sports wagering service provider might operate. A sports wagering service provider shall file quarterly returns with the corporation listing all of its contracts and services related to sports wagering authorized under this Subtitle.
D. The initial application fee for a sports wagering service provider permit shall be ten thousand dollars and shall be nonrefundable. The initial application fee shall be submitted to the corporation at the time of application.
E. The permit fee for a sports wagering service provider permit issued pursuant to this Section shall be twelve thousand five hundred dollars. The permit shall be for a term of five years. The permit fee shall be submitted to the corporation on the anniversary date of the issuance of the permit every five years. The first permit payment shall be submitted to the corporation at the time of application.
Acts 2021, No. 80, §4, eff. July 1, 2021.