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Can you summarize WVCO 29-22D-7?
WEST VIRGINIA LOTTERY SPORTS WAGERING ACT. > Management services providers; license requirements.
Short Summary
This legal document pertains to the license requirements for management services providers in the context of West Virginia Lottery sports wagering. According to the document, the holder of a license to operate West Virginia Lottery sports wagering may contract with an entity to conduct the operation, provided that the entity obtains a license as a management services provider. The license for management services providers is issued by the commission and requires meeting certain qualifications and paying a nonrefundable license and application fee. The document also mentions the possibility of accepting licensing by another jurisdiction with similar requirements. Additionally, it states that management services provider licenses need to be renewed annually for compliant licensees who pay the renewal fee. Furthermore, the document specifies that any entity or individual who shares in revenue, including affiliates operating under a revenue share agreement, must be licensed under this section.
Whom does it apply to?
Entities or individuals who share in revenue, including any affiliate operating under a revenue share agreement
What does it govern?
License requirements for management services providers in the context of West Virginia Lottery sports wagering
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
West Virginia