205 CMR, § 247.07

Current through Register 1533, October 25, 2024

Section 247.07 - Acceptance of Sports Wagers

(1)Available Sports Wagers must be displayed to the public. The display must include the odds and a brief description of the Sporting Event and wagering proposition.

(2) A Sports Wagering Operator may not accept a Sports Wager on a Sporting Event unless the availability of that Wager is posted in accordance with 205 CMR 247.07(1).

(3) A Sports Wagering Operator may not set lines or odds or offer wagering propositions designed for the purposes of ensuring that a patron will win a Sports Wager or a series of Sports Wagers, unless the lines, odds, or wagering propositions are offered in connection with a promotional offer made in accordance with 205 CMR 247.09.

(4) Sports Wagers may only be placed from:

(a) A sports wagering counter or other counter locations within a Sports Wagering Facility or Sports Wagering Area as approved by the Commission;

(b) A Sports Wagering Kiosk, within a Sports Wagering Facility or Sports Wagering Area and in a location approved by the Commission;

(c) A designated counter in the cashier's cage within a Sports Wagering Facility or Sports Wagering Area for the redemption of winning sports wagering tickets or vouchers; or

(d) A mobile application or digital platform approved by the Commission.

(5) Sports wagers within a Sports Wagering Facility or Sports Wagering Area may only be conducted with chips, tokens, electronic cards, or:

(a) Cash or cash equivalents;

(b) Foreign currency and coin converted to U.S. currency;

(c) Digital, crypto and virtual currencies converted to cash;

(d) Electronic funds transfers (EFTs), including online and mobile payment systems;

(e) Debit instruments, including debit cards and prepaid access instruments;

(f) Promotional gaming credits;

(g) Winning sports wagering tickets or vouchers;

(h) Sports Wagering Accounts; or

(i) Any other means approved by the Commission or its designee.

(6) Sports wagering transactions using a mobile application or other digital platform may only be conducted by a patron physically located within the Commonwealth, using their Sports Wagering Account.

(7) A Sports Wagering Operator shall prohibit any use of credit cards, either directly or indirectly, including without limitation through an account funded by credit card, in placing Sports Wagers.

(8) A Sports Wagering Operator shall record the Personally Identifiable Information required to register for a Sports Wagering Account under 205 CMR 248.03(1) before accepting anonymous Sports Wagers in excess of $10,000 or issuing payouts on anonymous Sports Wagers in excess of $10,000.

(a) The Sports Wagering Operator shall not knowingly allow, and shall take reasonable steps to prevent, the circumvention of reporting requirements through a patron making a structured transaction, including multiple Sports Wagers or a series of Sports Wagers that are designed to accomplish indirectly that which could not be accomplished directly. A Sports Wager or wagers need not exceed the dollar thresholds at any single Sports Wagering Operator in any single day in order to constitute prohibited structuring.

(b) The Sports Wagering Operator shall not knowingly assist, encourage or instruct a player in structuring or attempting to structure Sports Wagers.

(c)205 CMR 247.07(8) does not prohibit a Sports Wagering Operator from informing a player of the regulatory requirements imposed upon the Sports Wagering Operator, including the definition of structured Sports Wagers.

(9) A Sports Wagering Operator must provide for the patron's review and finalization of a Sports Wager before the Sports Wagering Operator accepts it. The Sports Wagering Operator shall not change a Sports Wager after the patron has reviewed and finalized the wager. To the extent permitted by approved House Rules, a patron may change a Sports Wager after the patron has reviewed and finalized the wager.

(10) A Sports Wagering Operator may cancel an accepted Sports Wager only in accordance with 205 CMR 238.35.

(11) Except as otherwise provided in 205 CMR 238.35: Cancelled or Voided Wagers may not unilaterally cancel an accepted Sports Wager without prior written approval of the Commission. A Ticket Writer, as defined in 205 CMR 238.01: Definitions, may not cancel a Sports Wager for which the Ticket Writer assisted the patron for wager placement and must instead call a supervisor to cancel the Sports Wager.

(12) A Sports Wagering Operator shall have no obligation to accept a Sports Wager if unable to do so due to equipment failure.