S.D. Admin. R. 20:18:35:18
Current through Register Vol. 50, page 159, June 17, 2024
Section 20:18:35:18 - Tournaments, contests, and pools A licensee or sports wagering services provider may conduct a sports wagering tournament, contest, or pool subject to the following:
No sports wagering tournament, contest, or pool may be conducted unless the licensee or sports wagering services provider, before the first time a tournament, contest, or pool type is offered, files written notice with the commission of its intent to offer that tournament, contest, or pool type and obtains approval from the commission. The licensee or sports wagering services provider may file a master list with the commission to satisfy this requirement. The written notice must include:
(1) A detailed description of the tournament, contest, or pool type and must include the rules of the tournament, contest, or pool, the requirements for entry, the entry fees, the rake, and potential payouts. The request must also indicate whether or not the proposed type involves a shared liquidity pool with the prize pool being comprised of entry fees collected from patrons in multiple jurisdictions;(2) Once a sports wagering operator or sports wagering vendor receives approval to offer a tournament, contest, or pool type, the sports wagering operator or sports wagering vendor may not be required to seek additional approvals from the commission for each subsequent type that is substantially similar but must submit notification to the commission with the details required in subdivision 1.S.D. Admin. R. 20:18:35:18
48 SDR 014, effective 8/22/2021; 48 SDR 061, effective 12/8/2021General Authority: SDCL 42-7B-7, 42-7B-11(13).
Law Implemented: SDCL 42-7B-2.1(1), 42-7B-43.