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Can you summarize KYRS 230.814?
HORSE RACING COMMISSION > Requirements for obtaining service provider license -- Application fee -- Factors to be considered by racing commission -- Temporary license -- Revocation of license.
Short Summary
This legal document outlines the requirements for obtaining a service provider license in the context of horse racing in Kentucky. To apply for a service provider license, a person must pay a nonrefundable application fee of $50,000 to the racing commission. The racing commission considers various factors when determining whether to grant a license, including the applicant’s past, current, or future operations, and individuals or entities that have control over the applicant. Once granted, a service provider licensee must pay an annual renewal fee of $10,000. Additionally, a person applying for a service provider license to conduct sports wagering through an agreement with a licensed track may receive a temporary license if they meet certain requirements and pay the initial licensing fee. The temporary license may be valid for up to one year, during which a permanent license will be granted or denied. The racing commission reserves the right to revoke any license if the licensee violates any provisions of this chapter or is deemed unfit. The fees collected under this section are deposited into the sports wagering administration fund. This document is effective from June 29, 2023.
Whom does it apply to?
Qualified applicants for a service provider license
What does it govern?
Requirements for obtaining service provider license
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Revocation of license
Jurisdiction
Kentucky