Ask Reggi Your Question Now

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

Can I offer contests that involve loyalty programs in Mississippi? What are the requirements?

Offering Contests Involving Loyalty Programs in Mississippi

Based on the provided documents, it appears that offering contests that involve loyalty programs in Mississippi would require obtaining a license from the Mississippi Gaming Commission [1.3]. The licensing requirements include demonstrating adequate business probity, competence, and experience, as well as providing evidence of compliance with applicable requirements of the Fantasy Contest Act [1.3].

In terms of specific requirements for offering contests that involve loyalty programs, there is no explicit mention of such programs in the provided documents. However, licensed operators offering fantasy contests in Mississippi are required to maintain a cash reserve or segregated account to protect player funds [1.1]. Additionally, licensed operators must continuously monitor and maintain a record of all player deposits and cash reserves to ensure compliance with cash reserve requirements [1.1].

Operators must also collect player information necessary to verify a player’s age, verify that the player is not excluded, and determine whether the player is located in Mississippi [1.4].

Regarding fees, for the privilege of conducting fantasy contests in Mississippi, licensees shall pay to the Department of Revenue a fee equivalent to eight percent (8%) of the operator’s net Mississippi revenue [2.1][1.5].

Without further information on the specific nature of the contests involving loyalty programs, it is difficult to provide a definitive answer on the requirements for offering such contests in Mississippi. It is recommended that you consult with legal counsel or contact the Mississippi Gaming Commission for further guidance.

Therefore, to answer your query, it is unclear what the requirements are for offering contests that involve loyalty programs in Mississippi. It is recommended that you seek further guidance from legal counsel or the Mississippi Gaming Commission.

Source(s):
Jurisdiction

Mississippi