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

Yes, you can obtain a fantasy sports license in Mississippi. The requirements for obtaining a license are outlined in Section 97-33-307 of the Mississippi Code Annotated and 13 MSAC Part 15 Chapter 2 Rule 2.2.

Requirements for obtaining a fantasy sports license in Mississippi

To obtain a fantasy sports license in Mississippi, you must comply with the following requirements:

  1. Obtain a license from the Mississippi Gaming Commission [1.2][3.1].
  2. Be lawfully conducting business within the state [1.2][3.1].
  3. Submit an application for licensure to the Executive Director on forms furnished by the Executive Director and in accordance with the regulations of the Commission. The application shall include:
  4. The name of the proposed licensee.
  5. The location of his place or places of business.
  6. The names of all persons directly or indirectly interested in the business and the nature of such interest.
  7. Complete information and details with respect to the applicant’s antecedents, habits, character, business activities, financial affairs and business associates, covering at least a ten-year period immediately preceding the date of the application.
  8. The applicant’s criminal history.
  9. Evidence of compliance with Section 97-33-305(2).
  10. Such other information and details as the commission or the executive director may require in order to discharge their duties properly [1.2][3.1].
  11. Satisfy the commission that:
  12. The applicant has adequate business probity, competence and experience.
  13. The proposed financing of the entire operation is adequate for the nature of the proposed operation and from a suitable source. Any lender or other source of money or credit which the commission finds does not meet the standards set forth in this paragraph may be deemed unsuitable [1.2][3.1].
  14. Verify that a fantasy contest player is 18 years of age or older [1.4].
  15. Implement procedures to prevent cheating, manipulation, and interference with the regular conduct of sport [1.4].
  16. Ensure that employees of the operator and their relatives living in the same household do not compete in fantasy contests offered by the operator in which the operator offers a cash prize [1.4].
  17. Restrict the number of entries submitted by a single player for any contest [1.4].
  18. Segregate fantasy contest player funds from operational funds or maintain a reserve in the form of cash, cash equivalents, payment processor reserves and receivables, an irrevocable letter of credit, a bond, or a combination thereof, in the amount of the total account balances of the fantasy contest players for the benefit and protection of the funds held in the accounts [1.4].
  19. Comply with audit procedures adopted by the Mississippi Gaming Commission to ensure compliance with Section 97-33-305 if the operator’s total player roster for all fantasy contests consists of one hundred (100) or more members of the general public [1.4][3.1].

Each applicant for licensure as a fantasy contest operator shall pay an application fee of Five Thousand Dollars ($5,000.00). A license is valid for three (3) years [1.2][3.1].

On-premises fantasy contests

Only a licensee under the Gaming Control Act may offer on-premises fantasy contests in the licensee’s licensed gaming establishment. An operator offering on-premises fantasy contests under this subsection must verify that a fantasy contest player is twenty-one (21) years of age or older [1.2][3.1].

I hope this helps!

Source(s):
Jurisdiction

Mississippi