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District of Columbia Code Division V. Local Business Affairs § 36-621.08. Sports wagering management services providers.

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) An operator may enter into a management services contract that would permit an individual, group of individuals, or entity other than the operator to conduct sports wagering on the premises; provided, that the management services contract:

(1) Is with an individual, group of individuals, or entity licensed under this subchapter to provide management services;

(2) Is in writing; and

(3) Has been approved by the Office.

(b) The duties and responsibilities of a management services provider (“MSP”) under a management services contract shall not be assigned, delegated, subcontracted, or transferred to a third party without the prior approval of the Office. To be considered for approval, a third party shall be licensed as an MSP in accordance with this subchapter.

(c)(1) In considering whether to approve an MSP license application, the Office may consider evidence the MSP has submitted to the Office of an existing license as a management services provider from another jurisdiction that the Office has determined has licensing requirements similar to those required by the District.

(2) An applicant for an MSP license shall pay a non-refundable $10,000 fee with the application and meet all requirements for licensure under this subchapter.

(3) An MSP license shall be renewed annually; provided, that the licensee has continued to comply with all statutory and regulatory requirements and pays upon submission of a renewal application a $2,000 renewal fee.

(d) An individual, group of individuals, or entity that shares in the revenue of a sports wagering business, including an affiliate operating under a revenue share agreement, shall be licensed under this section.

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Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 36-621.08. Sports wagering management services providers. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-36-621-08/

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