KRS § 230.814 — KY Code / Title XIX / Chapter 230 / Section 230.814
230.814 Requirements for obtaining service provider license -- Application fee -- Factors to be considered by racing and gaming corporation -- Temporary license -- Revocation of license
Status: in_force

230.814 Requirements for obtaining service provider license -- Application fee --

Factors to be considered by racing and gaming corporation -- Temporary

license -- Revocation of license.

(1) The corporation may issue a service provider license to a qualified applicant.

(2) A person applying for a service provider license under this chapter shall pay a

nonrefundable application fee of fifty thousand dollars ($50,000) to the corporation.

(3) In determining whether to grant a service provider's license to an applicant, the

corporation shall consider:

(a) The applicant and its past, current, or future operations; and

(b) A person that is deemed to have control over the applicant. For the purposes

of this section, the following persons are deemed to have control over an

applicant:

1. Each corporate holding company, parent company, or subsidiary

company of a corporate applicant or licensee and each person that owns

five percent (5%) or more of the corporate applicant or licensee and that

has the ability to control the activities of the corporate applicant or

licensee or elect a majority of the board of directors of that corporate

applicant or licensee;

2. Each person associated with a noncorporate applicant or licensee that

directly or indirectly holds a beneficial or proprietary interest in the

noncorporate applicant's or licensee's business operation or that the

director otherwise determines has the ability to control the noncorporate

applicant or licensee; and

3. Any officer or director of an applicant or licensee having the power to

exercise significant influence over decisions concerning any part of the

applicant's or licensee's relevant sports wagering business operation in

this state.

(4) A service provider licensee shall pay an annual renewal fee of ten thousand dollars

($10,000).

(5) A person applying for a service provider license to conduct sports wagering through

an agreement with a licensed track may receive a temporary license to immediately

commence sports wagering operations if the applicant:

(a) Satisfies the corporation's requirements for a temporary license, which may

consider operations in other jurisdictions in the United States; and

(b) Pays the initial licensing fee of fifty thousand dollars ($50,000) under

subsection (2) of this section to the corporation.

(6) A temporary license granted to an applicant for a service provider to offer sports

wagering under subsection (5) of this section may be valid for up to one (1) year,

during which a permanent license shall be granted or denied. An applicant shall not

be eligible for an extended or renewed temporary license. The corporation reserves

the right to revoke any license issued pursuant to this chapter if it determines that

the licensee has violated any provisions of this chapter or is otherwise deemed unfit

for a license.

(7) Fees paid under this section shall be deposited into the sports wagering

administration fund established by KRS 230.817.