205 CMR, § 248.01

Current through Register 1538, January 3, 2025
Section 248.01 - General Account Wagering
(1) A Sports Wagering Operator may offer a system of account wagering to its patrons whereby Wagers are debited from and pay outs credited to a sum of money, deposited in a Sports Wagering Account by the patron held by the Sports Wagering Operator.
(2) A Sports Wagering Account may only be established in the name of a patron and is not transferable.
(3) A Person may only place a Wager through a mobile application or other digital platform using funds from a Sports Wagering Account.
(4) No Sports Wagering Operator may charge any fee to maintain or administer any Sports Wagering Account.

205 CMR, § 248.01

Adopted by Mass Register Issue 1486, eff. 12/22/2022 (EMERGENCY).
Amended by Mass Register Issue 1492, eff. 3/9/2023 (EMERGENCY).
Amended by Mass Register Issue 1494, eff. 3/9/2023 (COMPLIANCE).
Amended by Mass Register Issue 1498, eff. 6/7/2023 (EMERGENCY).
Amended by Mass Register Issue 1503, eff. 9/1/2023.