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Can you summarize 491 IAAC Chapter 13?
Racing and Gaming Commission > SPORTS WAGERING
Short Summary
The provided legal document content pertains to the rules governing sports wagering in Iowa. It applies to licensees, administrators, advance deposit sports wagering operators, and eligible individuals. The document defines various terms related to sports wagering and specifies exemptions for certain types of races, fantasy sports contests, minor league sporting events, and interscholastic sports events. The document also requires the submission of a floor plan for the designated sports wagering area and mandates conspicuous signage indicating the minimum age requirement for sports wagering. It further addresses the authorization and operation of advance deposit sports wagering, including account registration, age verification, player verification, compliance with the statewide self-exclusion list, and the availability and acceptance of terms and conditions and a privacy policy for players. The document also covers the allocation of customer net receipts, operation of player accounts, maintenance of funds associated with player accounts, annual audit requirements, and the display of player wagers. In the event of the expiration or termination of an operating agreement, notice must be given to the commission and customers, who may have the option to select another partner licensee or have their net receipts assigned to remaining partner licensees. The document also outlines the licensing and application procedures for conducting sports wagering in Iowa, including the requirements for facilities and advance deposit sports wagering operators. It emphasizes the importance of record-keeping, the consequences of violating laws or regulations, and the availability of temporary license certificates. Additionally, the document governs the testing and certification requirements for equipment and systems used in sports wagering and advance deposit sports wagering, including the need for certification and commission approval prior to use. It also mandates change control processes, annual system integrity and security risk assessments, and the submission of results and remediation plans to the administrator. The document highlights the public disclosure of ownership information filed with the administrator. Specific penalties for non-compliance or violation of the document’s provisions are not mentioned.
Whom does it apply to?
Licensees, administrators, advance deposit sports wagering operators, and eligible individuals
What does it govern?
Rules governing sports wagering in Iowa
What are exemptions?
Certain types of races, fantasy sports contests, minor league sporting events, and interscholastic sports events
What are the Penalties?
Specific penalties for non-compliance or violation of the document's provisions are not mentioned.
Jurisdiction
Iowa