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Can I obtain a fantasy sports license in Michigan? What are the requirements?

Yes, you can obtain a fantasy sports license in Michigan if you meet the requirements set forth in the Michigan Compiled Laws (MICL) 432.503 [1.1]. To apply for a license, you must submit an application with the license fee under subsection (9) to the board. The applicant shall provide sufficient documentation to the board to ensure that the applicant meets the requirements for licensure as determined by the board, including, but not limited to, documentation of the following:

  • The name of the applicant.
  • The location of the applicant’s principal place of business.
  • The applicant’s telephone number.
  • The applicant’s Social Security number or, if applicable, the applicant’s federal tax identification number.
  • The name and address of each person that holds a 5% or greater ownership interest in the applicant or in shares of the applicant.
  • The applicant’s criminal record, if any, or, if the applicant is a business entity, any criminal record of an individual who is a director, officer, or key employee of, or who has a 5% or greater ownership interest in, the applicant.
  • Any ownership interest that a director, officer, key employee, or individual owner of 5% or greater of the applicant holds in a person that is or was a fantasy contest operator or similar entity in any jurisdiction.
  • An identification of any business, including, if applicable, the state of incorporation or registration, in which an applicant, director, officer, key employee, or individual owner of 5% or greater, has an equity interest of 5% or more.
  • Whether an applicant, director, officer, key employee, or individual owner of 5% or greater has ever applied for or been granted any license, registration, or certificate issued by a licensing authority in this state or any other jurisdiction.
  • Whether an applicant, director, officer, key employee, or individual owner of 5% or greater has filed, or been served with, a complaint or other notice filed by a public body regarding the delinquency in payment of, or dispute over filings concerning, the payment of any tax required under federal, state, or local law, including the amount, the type of tax, the taxing agency, and the time periods involved.
  • A description of any physical facility operated by the applicant in this state, the employees who work at the facility, and the nature of the business conducted at the facility.
  • Information sufficient to show, as determined by the board, that the applicant can meet the requirements of procedures submitted by the applicant under this act and under any rules promulgated under this act.

Additionally, the initial license fee is $10,000.00, and the annual license renewal fee is $5,000.00 [MICL 432.503(9)][1.1].

However, there are other types of licenses available for sports betting suppliers and occupational licensing for individuals who directly impact the integrity of internet sports betting [2.1][2.2]. If you have any further questions or concerns, please let me know.

Source(s):
Jurisdiction

Michigan