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Can you summarize WYST 9-24-103?
ONLINE SPORTS WAGERING > Permits; licenses; fees; application
Short Summary
This legal document pertains to the regulation of online sports wagering in Wyoming. It requires sports wagering operators to possess a permit issued by the Gaming Commission in order to accept online sports wagers. Qualified gaming entities applying for a sports wagering operator permit must submit a uniform application provided by the commission and pay a fee of $2,500. The application requires disclosure of control persons, submission of fingerprints for background checks, and previous gambling-related license issuances or denials. The commission charges a permit fee of $100,000 for an initial sports wagering operator permit and $50,000 for renewal. Sports wagering vendors also need a permit from the commission to conduct business in the state, with an initial fee of $10,000 and a renewal fee of $5,000. The document establishes the Sports Wagering Account to collect fees, which may be used by the commission for administering the chapter. The commission may issue up to five sports wagering operator permits to qualified applicants. The document also outlines the grounds for denial of an application or revocation/suspension of a permit or license, the ongoing obligation to disclose material changes, and the licensing requirements for key personnel and employees involved in online sports wagering operations.
Whom does it apply to?
Sports wagering operators, qualified gaming entities, sports wagering vendors, key personnel, and employees involved in online sports wagering operations
What does it govern?
Online sports wagering
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Wyoming