(a) For the privilege of conducting fantasy contests in Mississippi, licensees shall pay to the Department of Revenue a fee equivalent to eight percent (8%) of the operator's net Mississippi revenue. (b) "Net Mississippi revenue" means the amount equal to the total of all fantasy contest entry fees that an operator collects from all players, less the total of all sums paid out as cash prizes to all fantasy contest players, multiplied by the location percentage for Mississippi.(c) "Location percentage" means, for each fantasy contest, the percentage of the total entry fees collected from players located in Mississippi, divided by the total entry fees collected by that operator from all players in fantasy contests, rounded to the nearest one-hundredth of a percent (0.01%).(d) The Commissioner of Revenue shall assess and collect all taxes, fees, interest, penalties, damages, and fines imposed by this chapter, and is hereby empowered to promulgate rules and regulations to administer collection of the amounts due. The operator must register with the Department of Revenue as a fantasy operator before commencing operations with Mississippi players. Records or other documents submitted by or on behalf of the licensee to the Mississippi Gaming Commission or Executive Director shall be made available to the Commissioner of Revenue or his authorized agent upon written request.(e) The license fees levied shall be due quarterly for the periods January through March, April through June, July through September, and October through December, and payable on or before the twentieth (20 th) day of the month next succeeding the month in which the fees accrue. The licensee shall make a return showing the net Mississippi revenue and compute the fee due for the period.Miss. Code Ann. § 97-33-317.