Enhances know your customer requirements and responsible gaming procedures; relates to the opening and closing of an authorized sports bettor's account; prohibits an authorized sports bettor from allowing another person to access such bettor's account; allows a bettor who does so to be designated a prohibited bettor; provides for the disposition of revenues from violation fines.
Provides that mobile sports wagering operators and mobile sports wagering platforms are prohibited from limiting the size and frequency of deposits or wagers of authorized sports bettors because the bettor obtains financial benefit or due to the bettor's waging activity; provides exceptions for suspicious wagering activity and indications of a gambling disorder; requires such operators and platforms to provide electronic written notice when an authorized sports bettor is limited or banned.
Prohibits mobile sports wagering operators and mobile sports wagering platforms from allowing more than five deposits from an authorized sports bettor in a twenty-four hour period.
Directs the state gaming commission to prohibit in-play sports wagers from bettors in this state.
Prohibits mobile sports wagering operators from enabling or otherwise permitting authorized sports bettors to deposit or withdraw funds to or from their account through gift certificates, open loop gift certificates, or e-wallets.
Provides that only automated clearing houses or electronic funds transfers from such authorized sports bettor's personal bank account, wire transfers from an authorized sports bettor's personal bank account, personal checks delivered to the operator, a debit card issued by a financial institution that draws directly from such authorized sports bettor's personal bank account only and not a prepaid debit card, or in-person cash deposits at a casino or other approved location, may be used to fund mobile sports wagering accounts.
Provides that only automated clearing houses or electronic funds transfers from such authorized sports bettor's personal bank account, wire transfers from an authorized sports bettor's personal bank account, personal checks delivered to the operator, a debit card issued by a financial institution that draws directly from such authorized sports bettor's personal bank account only and not a prepaid debit card, or in-person cash deposits at a casino or other approved location, may be used to fund mobile sports wagering accounts.
Prohibits mobile sports wagering operators from imposing any condition requiring an authorized sports bettor to wager deposited funds as a prerequisite to withdrawing such funds.
Designates an individual found to have been convicted of certain crimes where the complainant or victim is an amateur or professional athlete, coach, official or other participant in a sports event and the conduct underlying such offense arose from or related to a sports wager or such sporting event as a prohibited sports bettor; requires the commission to notify the individual and allows for the individual to contest such designation.
Establishes certain limits on sports betting for both mobile and casino sports betting to include advertisements and wager limits; prohibits the use of credit cards to make deposits on mobile sports betting.