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Can you summarize 205 CMR 221?
Massachusetts Gaming Commission (formerly State Racing Commission) > Sports wagering license fees
Short Summary
This document governs the licensing and assessment fees for sports wagering operators regulated by the Massachusetts Gaming Commission. It outlines the fees to be paid at different stages of the licensing process, including an initial license fee of $1,000,000 upon submission of a request for a Temporary License, a renewal license fee of $1,000,000 after the renewal of a Temporary License, and a license fee of $5,000,000 upon the award of a Sports Wagering Operator License. The document also mentions additional fees, such as an Annual Assessment based on the licensees’ actual or projected Adjusted Gross Sports Wagering receipts, an annual fee for non-Category 1 Sports Wagering Licensees to be deposited into the Public Health Trust Fund, and any other license fees required by the Commission. All license fees and assessments must be paid within 30 days of receipt of an invoice from the Commission. Failure to pay the fees or assessments may result in remedial action by the Commission, including the revocation of the Sports Wagering Operator License.
Whom does it apply to?
Sports wagering operators regulated by the Massachusetts Gaming Commission
What does it govern?
Licensing and assessment fees for sports wagering operators regulated by the Massachusetts Gaming Commission
What are exemptions?
No specific exemptions are mentioned in this document
What are the Penalties?
Failure to pay the fees or assessments may result in remedial action by the Commission, including the revocation of the Sports Wagering Operator License
Jurisdiction
Massachusetts