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Can you summarize AZRS 5-1211?
Fees; penalty
Short Summary
This legal document governs the operation of fantasy sports contests in Arizona. It applies to fantasy sports contest operators who are required to pay a fee for the privilege of operating such contests. The fee is based on the operator’s adjusted revenues and may not exceed ten percent. Operators must report and pay the fee on a monthly basis. The fees collected are deposited into the fantasy sports contest fund. Failure to remit the required fees may result in a penalty of five percent per month, up to a maximum of twenty-five percent. The penalties collected are also deposited into the fantasy sports contest fund.
Whom does it apply to?
Fantasy sports contest operators
What does it govern?
Operation of fantasy sports contests
What are exemptions?
Individuals offering fantasy sports contests under section 5-1202, subsection B
What are the Penalties?
A penalty of five percent per month up to a maximum of twenty-five percent of the amounts ultimately found to be due
Jurisdiction
Arizona