Effective - 28 Aug 2019, 2 histories
313.935. License required — application, fee — investigation permitted — annual renewals — operation fee — grandfather provision — fee upon cessation. — 1. No fantasy sports contest operator shall offer any fantasy sports contest in Missouri without first being licensed by the commission. A fantasy sports contest operator wishing to offer fantasy sports contests in this state shall apply to the commission for a license and shall remit to the commission an application fee of ten thousand dollars or ten percent of the applicant's net revenue from the previous calendar year, whichever is lower.
2. As part of the commission's investigation and licensing process, the commission may conduct an investigation of the fantasy sports contest operator's employees, officers, directors, trustees, and principal salaried executive staff officers. The applicant shall be responsible for the cost of the investigation up to ten thousand dollars. If the cost of the investigation exceeds the application fee, the applicant shall remit such cost to the commission prior to any license being issued. An applicant may apply for, and the commission may grant, based on a showing of undue burden, a waiver of all or a portion of the cost of the investigation. All revenue received under this section shall be placed into the gaming commission fund created under section 313.835. The investigation set forth in this subsection* does not apply to a renewal of a license.
3. (1) A fantasy sports contest operator with net revenues of two million dollars or more from the previous calendar year shall be required to submit an annual license renewal fee of five thousand dollars by November first of each subsequent calendar year. A fantasy sports contest operator with net revenues of less than two million dollars but greater than one million dollars from the previous calendar year shall be required to submit an annual license renewal fee of two thousand five hundred dollars by November first of each subsequent calendar year. A fantasy sports contest operator with net revenues equal to or less than one million dollars but greater than two hundred fifty thousand dollars shall submit an annual license renewal fee of one thousand dollars by November first of each subsequent calendar year. A fantasy sports contest operator with net revenues of two hundred fifty thousand dollars or less from the previous calendar year shall not be required to submit an annual license renewal fee. On the anniversary date of the payment made under subsection 1, a licensed operator shall submit to the commission a notice of license renewal describing any material changes to the operator's compliance with the consumer protections set forth in sections 313.915, 313.920, and 313.925 together with the license renewal fee required under this subsection. A license is renewed upon submission of the notice and payment of the appropriate renewal fee.
(2) In addition to the license renewal fee, a licensed operator shall also pay an annual operation fee in a sum equal to six percent of the licensed operator's net revenue from the previous calendar year. All revenue collected under this subsection shall be placed in the gaming proceeds for education fund created under section 313.822. If a licensed operator fails to apply for a license renewal or pay the annual operation fee, the commission may suspend the license of such licensed operator until such payment is made.
4. Any fantasy sports contest operator already operating in the state prior to April 1, 2016, may operate until they have received or have been denied a license. Such fantasy sports contest operators shall apply for a license prior to October 1, 2016. Any fantasy sports contest operator operating under this subsection after August 28, 2016, shall pay the annual operation fee of eleven and one-half percent of its net revenue from August 28, 2016, until action is taken on its application. If a licensed fantasy sports contest operator fails to pay its annual operation fee by November 1, 2019, the commission may suspend the license or deny the pending license application of such fantasy sports contest operator.
5. If a licensed fantasy sports contest operator ceases to offer fantasy sports contests in Missouri, the operator shall pay an operation fee equal to six percent of its net revenue for the period of the calendar year in which it offered fantasy sports contests in Missouri by November first of the subsequent calendar year.
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(L. 2016 H.B. 1941 § 313.970, A.L. 2019 S.B. 87)
*Word "paragraph" appears in original rolls
Structure Missouri Revised Statutes
Title XXI - Public Safety and Morals
Chapter 313 - Licensed Gaming Activities
Section 313.005 - Definitions.
Section 313.007 - Bingo proceeds for education fund, established, purpose.
Section 313.013 - Progressive bingo games, permitted, defined.
Section 313.030 - Change in officers to be reported to commission — license to be displayed.
Section 313.035 - Ineligible persons and organizations — revocation, eligibility for relicensure.
Section 313.040 - Restrictions, penalties.
Section 313.041 - Contingent effective date.
Section 313.045 - Annual reports by certain licensees — contents.
Section 313.050 - Records to be kept — retention period.
Section 313.052 - Grounds for disciplinary action against licensee.
Section 313.065 - Rules and regulations, promulgation.
Section 313.070 - Licenses, suspension or revocation, when.
Section 313.080 - Violations, penalty.
Section 313.085 - Sales of bingo supplies exempt from certain taxes.
Section 313.200 - Citation of law.
Section 313.205 - Definitions.
Section 313.210 - Commission established — offices — assignment to department.
Section 313.215 - Commission members — terms, qualifications — expense reimbursement.
Section 313.225 - Commission meetings — quorum.
Section 313.235 - Director — appointment, qualifications, compensation.
Section 313.240 - Duties of director.
Section 313.245 - Personnel — employment, qualifications, compensation.
Section 313.250 - Budget preparation.
Section 313.260 - Restrictions for licensees.
Section 313.265 - Denial of license, grounds — cause to be cited.
Section 313.275 - Financial interests and gifts prohibited.
Section 313.280 - Sale of tickets to minors.
Section 313.290 - Ticket or share prices fixed — counterfeiting prohibited — penalty.
Section 313.295 - Payment of prizes to minors and disabled adults under personal custodian law.
Section 313.300 - Unclaimed prizes — moneys to revert to state lottery fund.
Section 313.310 - Duties of attorney general and highway patrol.
Section 313.315 - Duties of state auditor — other audits — reports to be filed.
Section 313.322 - Commission may contract operation of lottery to private organization, how.
Section 313.325 - Commission may subpoena records and witnesses — failure to obey.
Section 313.340 - Constitutional prohibition construed — no denial of liquor license.
Section 313.345 - Licenses and contracts may be denied to persons owing debt to state.
Section 313.350 - Venue for civil actions — advancement on docket.
Section 313.351 - Lottery commission to submit plan, how approved.
Section 313.500 - Definitions.
Section 313.510 - Horse racing commission established.
Section 313.520 - Employees — executive director of gaming commission, duties.
Section 313.530 - Revenues from horse racing — horse racing fund, established.
Section 313.560 - Commission, powers.
Section 313.570 - Members or employees subject to civil action, attorney general to represent.
Section 313.580 - Track license required — grounds for refusal to issue, qualifications.
Section 313.590 - Track license — bond required, purpose.
Section 313.610 - Track license — failure to secure, penalty.
Section 313.631 - Track licensee — record keeping requirements, accounting to commission.
Section 313.632 - Approval by commission, required, when.
Section 313.655 - Simulcast races, pari-mutuel wagering.
Section 313.660 - Off-track wagering prohibited, penalty.
Section 313.670 - Minors — prohibited from betting — presence prohibited, exceptions.
Section 313.680 - Names of horses — registered name required to be used, penalty.
Section 313.700 - Drugs or medications, unauthorized use prohibited, penalty.
Section 313.710 - Missouri-bred horses, program to encourage.
Section 313.780 - Licensing of additional excursion gambling boats restricted, when.
Section 313.800 - Definitions — additional games of skill, commission approval, procedures.
Section 313.802 - Law not applicable to lottery, bingo or pari-mutuel wagering.
Section 313.803 - Two thousand feet artificial space may be created, certain licensees.
Section 313.805 - Powers of commission.
Section 313.825 - Audit of licensee, contents, procedure.
Section 313.832 - Forfeitures for illegal activities, enforcement procedures.
Section 313.837 - Report to general assembly, when, contents.
Section 313.845 - Rules, procedure.
Section 313.850 - Severability clause.
Section 313.900 - Citation of law.
Section 313.905 - Definitions.
Section 313.930 - Compliance with all federal, state, and local laws and regulations.
Section 313.940 - Annual financial audit required, operator to pay cost of audit — exemption.
Section 313.945 - Confidentiality of records, exceptions.
Section 313.950 - Commission to supervise operators, licensees, and websites — powers and duties.