Md. Code Regs. 36.10.04.05

Current through Register Vol. 51, No. 22, November 1, 2024

Section 36.10.04.05 - Class B-1 Sports Wagering Facility License

A. The Commission shall issue a Class B-1 sports wagering facility license to an applicant that:

(1) Meets all applicable licensing requirements under State Government Article, Title 9, Subtitle 1E, Annotated Code of Maryland, and the Commission's regulations; and

(2) Is not eligible for a Class B-2 sports wagering facility license under State Government Article, § 9-1E-06(a)(iv), Annotated Code of Maryland.

B. The Class B-1 sports wagering facility license is one license category of the 30 licenses the Commission may issue to Class B-1 or Class B-2 sports wagering facility applicants under State Government Article, § 9-1E-06(a)(2)(ii), Annotated Code of Maryland.

C. The nonrefundable application fee for a Class B-1 sports wagering facility license is $250,000.

D. The performance bond for a Class B-1 sports wagering facility license is $750,000.

Md. Code Regs. 36.10.04.05

Regulation .05; amended effective 49:1 Md. R.16, eff. 1/13/2022; amended effective 50:26 Md. R. 1130, effective 12/12/2023, exp. 6/9/2024 (Emergency); amended effective 51:10 Md. R. 529, eff. 5/27/2024.