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

To obtain a fantasy sports license in Montana, you must meet the requirements for either a Fantasy Sports Parimutuel Network License or a Parimutuel Facility License. The specific requirements for each license are outlined in the respective documents [1.1][1.5].

Here are some additional details that may be helpful:

Fantasy Sports Parimutuel Network License Requirements

  • The applicant must be physically located within the state of Montana.
  • The applicant’s equipment must be located in Montana.
  • An application to operate as a fantasy sports parimutuel network must be filed on a form provided by the board, and must include a proposed operating plan, a proposed board payment contract, and the appropriate application fee.
  • The application must include information such as the applicant’s legal name, financial information, a detailed budget, a list of all network personnel, a chart illustrating the organizational structure, and documentation of proper filing that the network applicant is physically located in Montana, physically operating in Montana, and is registered to do business in the state of Montana.
  • The board or its designee shall conduct investigations or inspections or request additional information from the applicant as it deems appropriate in determining whether to approve the license application [1.1].

Parimutuel Facility License Requirements

  • The board or its designee may issue a license to a parimutuel facility at which fantasy sports leagues are to be conducted and wagering on the outcome under a parimutuel system shall be permitted.
  • A license to operate a parimutuel facility conducting fantasy sports league wagering may not be issued to an applicant unless the applicant is also licensed under Title 23, chapter 5, MCA, as gambling operator.
  • An application to operate as a fantasy sports parimutuel facility must be filed on a form provided by the board, and must include a copy of a valid, current, state-issued gambling establishment operator license in good standing, and the appropriate application fee.
  • The board or its designee shall conduct investigations or inspections or request additional information from the applicant as it deems appropriate in determining whether to approve the license application [1.5].

Additionally, a licensed parimutuel network must contract with the parimutuel hub selected and licensed by the board. There shall be only one fantasy sports parimutuel hub in Montana. The parimutuel hub shall perform various duties such as monitoring all wagers, maintaining a computerized system capable of connection with all parimutuel facilities, and verifying all wagering is halted at the prescribed time as determined by the board or the fantasy sports coordinator [1.4].

The annual licensing fee for fantasy sports parimutuel licenses is $1000 for parimutuel network, $250 for parimutuel network director, and $75 for parimutuel facility [1.3].

Therefore, to obtain a fantasy sports license in Montana, you must meet the requirements for either a Fantasy Sports Parimutuel Network License or a Parimutuel Facility License. The specific requirements for each license are outlined in the respective documents [1.1][1.5].

Source(s):
Jurisdiction

Montana