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Can you summarize 5 AZRS Chapter 10?
Amusements and Sports > FANTASY SPORTS CONTESTSSec: 5-1201-5-1213
Short Summary
The provided legal documents govern the operation of fantasy sports contests in Arizona. They apply to fantasy sports contest operators who are required to pay a fee based on their adjusted revenues. The fee must not exceed ten percent and must be reported and paid on a monthly basis. The fees collected are deposited into the fantasy sports contest fund. Failure to remit the required fees may result in penalties of five percent per month, up to a maximum of twenty-five percent. These penalties are also deposited into the fantasy sports contest fund. The documents establish licensing requirements for fantasy sports contest operators, prohibiting the offering of contests without a license. Violations of licensing provisions result in penalties, including class 3 misdemeanors for first or second violations, class 1 misdemeanors for third or subsequent violations, and civil penalties of up to $10,000. The department has the power to suspend, revoke, or restrict the license of a fantasy sports contest operator who violates the regulations. The documents also outline grounds for revocation, suspension, or denial of licenses, including violations of provisions, involvement in criminal activities, obtaining a license through fraud or misrepresentation, and failure to prove qualification for licensure. The department may summarily suspend a license if it poses an immediate threat to public health, safety, or welfare. The documents also cover requirements for licensed operators, such as reporting changes to ownership information, retaining and maintaining records, and withholding obligations from accounts of individuals identified as owing an obligation. They also establish procedures to restrict access to individuals who request self-restriction from playing fantasy sports contests and individuals under twenty-one years of age. The documents require operators to provide information on responsible play and assistance for compulsive play behavior. They also govern the offering of fantasy sports contests on public use kiosks or machines, with certain exceptions for fraternal organizations, veterans’ organizations, and licensed racetracks. The documents also address the auditing of fantasy sports contest operators’ financial condition, employment procedures and controls, and the licensure process for fantasy sports contest operators.
Whom does it apply to?
Fantasy sports contest operators
What does it govern?
Operation of fantasy sports contests
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Failure to remit fees may result in a penalty of five percent per month, up to a maximum of twenty-five percent. Violations of licensing provisions result in class 3 misdemeanors for first or second violations, class 1 misdemeanors for third or subsequent violations, and civil penalties of up to $10,000. The department has the power to suspend, revoke, or restrict the license of a fantasy sports contest operator who violates the regulations.
Jurisdiction
Arizona