RELATING TO SPORTS WAGERING.
What changed between versions
Establishes new chapter for sports wagering regulation with definitions covering professional, collegiate, amateur, youth sports, and e-sports events
Requires sports wagering operators to be qualified gaming entities operating in at least three U.S. jurisdictions with mobile application or digital platform approval
Mandates criminal background checks for license applicants and ongoing reporting requirements for material changes in licensee information
Requires voluntary exclusion program for problem gamblers with confidential participant lists shared quarterly among operators
Requires sports wagering operators to display 1-800-GAMBLER helpline in all advertising and maintain monitoring systems for suspicious activity
Creates Problem Gambling Prevention and Treatment Special Fund with legislative appropriations for counseling, treatment programs, and responsible gaming education
Imposes 10% tax on adjusted gross sports wagering receipts for licensed operators and suppliers
Defines key terms including sports wagering operator, sports wagering supplier, wagering events, winnings, and adjusted gross sports wagering receipts
Establishes civil violations with fines up to $5,000 per violation or $10,000 for related violations, and criminal penalties for unlicensed operations
Sets effective date of July 1, 2050, with universal start date for mobile sports wagering within 180 days of section enactment
Restricts sports wagering operator licenses to qualified gaming entities only, while sports wagering suppliers have separate licensing requirements