§ 8 §1073 — Advance deposit wagering license

The board shall exercise authority over the licensing of all persons conducting advance deposit wagering. A person may not conduct advance deposit wagering without a license issued under this section.
1.
Eligibility.
In order to receive an advance deposit wagering license from the board, an applicant must meet the requirements of this section and the rules adopted by the board under section 1003, subsection 2, paragraph U and must be:
2.
Authority to conduct advance deposit wagering.
An advance deposit wagering license issued under this section allows a licensee to conduct advance deposit wagering in this State.
3.
Contract.
An advance deposit wagering licensee may conduct advance deposit wagering directly or through a contract with another advance deposit wagering licensee issued a license under this section.
4.
Conditions of licensure.
An advance deposit wagering licensee shall:
5.
Application fee.
The nonrefundable application fee for an advance deposit wagering license is $1,000. In addition, the board may require an applicant to pay a one-time investigation fee in an amount limited to the cost to the board of processing the application and performing background investigations.
6.
License fee; renewal fee; term.
The fee for an advance deposit wagering license is $500. The fee for the annual renewal of an advance deposit wagering license is $250.

Legislative History

PL 2023, c. 440, §11 (NEW).