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(1) The commission may grant, or contract under Subsection 4-38-104(4) for the granting of a license, for participation in racing and other activities associated with a racetrack.
(2) The commission shall establish a schedule of fees for the application for and renewal and reinstatement of licenses issued under this chapter.
(3) A person holding a license under this chapter shall comply with this chapter and with the rules issued and the orders issued by the commission under this chapter.
(4) A person who holds a recognized race meet or who participates directly or indirectly in a recognized race meet without being first licensed as required under this chapter and any person violating this chapter is subject to penalties under Section 4-2-304.