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Can you summarize LAAC Title 42, Part XV, Chapter 11, Section 1133?
Rules; Operations > Sports Wagering Operator Requirements and Restrictions; Internal Controls; Comprehensive Rules
Short Summary
This document governs the requirements and restrictions for sports wagering operators in Louisiana. It applies to sports wagering operators who are authorized by the Act. The operators are required to conduct sports wagering only as expressly authorized by the Act, these rules, or their internal controls. They must comply with all provisions of the Act, these rules, and their internal controls regarding child support arrearages. The operators are prohibited from accepting sports wagers from prohibited players. They must implement internal controls and procedures to ensure compliance with all requirements of the Act and these rules, including player verification, responsible play information, access to player’s play history, and account details, prevention of cheating and collusion, and compliance with tax laws. The operators are also required to establish procedures for accepting sports wagers, issuing payouts, and handling complaints. They must adopt comprehensive rules governing sports wagering transactions with patrons, including calculation and payment of winning wagers, treatment of errors and late bets, and methods for contacting the operator with complaints or questions. The operators are also responsible for reporting and remitting withheld winnings to the corporation.
Whom does it apply to?
Sports wagering operators authorized by the Act
What does it govern?
Sports Wagering Operator Requirements and Restrictions; Internal Controls; Comprehensive Rules
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Louisiana