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Can you summarize 9 NYCRR Part 5329?
Casino Gaming > Sports Wagering
Short Summary
The provided legal documents pertain to the regulation and operation of sports wagering in New York State. They cover a wide range of topics, including licensing requirements, reporting and record-keeping obligations, integrity monitoring, wagering restrictions, accounting and financial record-keeping, discipline and penalties, and the operation of sports pool systems and lounges. The documents apply to operators of sports wagering facilities, sports pool vendors, employees of operators and vendors, sports governing bodies, regulatory agencies, and the New York State Gaming Commission. Operators and vendors are required to comply with various obligations, such as obtaining licenses, maintaining accurate records, conducting system integrity assessments, reporting suspicious activity, and implementing controls to ensure the integrity of sports pools. The documents also outline the requirements for wagering tickets, including the information that must be included on the tickets and the expiration of winning tickets. Additionally, the documents address the taxation of gross gaming revenue, the duties to report for operators and employees, the handling of patron complaints, the voiding of wagers, and the use of automated ticket machines. The documents emphasize the importance of compliance with applicable laws and regulations and provide the commission with the authority to impose penalties or take other appropriate actions for violations. However, specific penalties are not specified in the documents.
Whom does it apply to?
The documents apply to operators of sports wagering facilities, sports pool vendors, employees of operators and vendors, sports governing bodies, regulatory agencies, and the New York State Gaming Commission.
What does it govern?
The legal documents govern various aspects of sports wagering operations, including licensing requirements, reporting and record-keeping obligations, integrity monitoring, wagering restrictions, accounting and financial record-keeping, discipline and penalties, and the operation of sports pool systems and lounges.
What are exemptions?
No specific exemptions or exceptions are mentioned in these documents.
What are the Penalties?
The documents mention that the commission may impose penalties or take other appropriate actions for violations, but specific penalties are not specified.
Jurisdiction
New York