Mentions of “SPORTS LOTTERY” — 9 found on pages 1, 2
… mpetitive mobile sports wagering. 3.Each video lottery operator is authorized to contract with up to two (2) internet sports lottery operators awarded licenses by the Director provided however that no licensed internet sports lottery operator may e …
Open p.1 ↗… two (2) internet sports lottery operators awarded licenses by the Director provided however that no licensed internet sports lottery operator may establish a contractual arrangement with more than one (1) video lottery agent. 4.The Director is to pu …
Open p.1 ↗… e than one (1) video lottery agent. 4.The Director is to publish a “Request for Applications” for qualified internet sports lottery operators to operate in Delaware. Licenses issued pursuant to the Request for Application are to be issued to inte …
Open p.1 ↗… ators to operate in Delaware. Licenses issued pursuant to the Request for Application are to be issued to internet sports lottery operators that enter into a market access agreement with a licensed video lottery agent and that meet a number of cri …
Open p.1 ↗… a licensed video lottery agent and that meet a number of criteria established by the Director. 5.Licensed internet sports lottery operators are required to pay an initial $500,000 licensing fee for an initial five year term. After the initial fiv …
Open p.1 ↗… net sports gaming vendor is authorized to continue operations under the current methodology. b. The Adjusted Gross Sports Lottery Receipts (“AGSLR”) for internet sports betting operators would be the Handle less : (1) promotional play which is lim …
Open p.2 ↗… SLR less $400,000 for problem gambling and (2) Purses equal to 1.5% of the AGSLR is retained by the licensed internet sports lottery operator and the video lottery agent. Handle – Promotional Play (2.5%/2.0%) – winnings - excise tax = AGSLR …
Open p.2 ↗… nings - excise tax = AGSLR AGSLR – State Lottery Fund (18% less $400,000 for problem gambling) – Purses (1.5%) = Sports lottery operator/video agent d. The Act contains a provision that funds dedicated to purses shall not be less than the twelve …
Open p.2 ↗