Ask Reggi Your Question Now

Reggi is the free generative AI assistance for regulatory compliance
Ask a Question

Can I offer contests that involve entry fees in Delaware? What are the requirements?

To offer contests that involve entry fees in Delaware, you must be a registered operator with the Director pursuant to § 4864 of Title 29 of the Delaware Code [1.3]. Interactive fantasy sports contests registered and conducted pursuant to the provisions of the Delaware Interactive Fantasy Contests Act are authorized [1.2][1.4][1.5].

To register, you must submit an application to the Director and comply with the regulations promulgated by the Director to implement the provisions of this subchapter, including the development of the initial form of the application for registration [1.3][1.5]. Such regulations shall provide for the registration and operation of contests in Delaware and shall include responsible protections with regard to compulsive play and safeguards for fair play [1.3][1.5].

Each registrant shall annually submit a report to the Director no later than June 30 of each year, which shall include all of the following information as it shall apply to accounts held by authorized players located in Delaware [1.6]:

  • The number of accounts held by authorized players on all platforms offered by the registrant, and the number of accounts held by highly experienced players on all platforms offered by the registrant.
  • The total number of new accounts established in the preceding year, as well as the total number of accounts permanently closed in the preceding year.
  • The total number of entry fees received from authorized players.
  • The total number of prizes awarded to authorized players.
  • The total amount of interactive fantasy sports revenue received by the registrant.
  • The total amount of authorized players that requested to exclude themselves from contests.
  • Any additional information that the Director deems necessary to carry out the provisions of this subchapter.

Failure to comply with the regulations may result in penalties, including fines and suspension or revocation of registration [1.3].

It is important to note that the above information applies specifically to interactive fantasy sports contests and may not necessarily apply to other types of contests. If you are unsure whether your contest is covered by the Delaware Interactive Fantasy Contests Act, you should consult with a legal professional.

Source(s):
Jurisdiction

Delaware