Bill > HB2765

This bill allows for the regulation of sports wagering by the Department of Business, Economic Development, and Tourism. It establishes licensing requirements for sports wagering operators and suppliers, creates a Sports Wagering Special Fund, and specifies that sports wagering shall not be considered gambling. The bill defines key terms such as "sports wagering," "sports wagering operator," and "sports wagering supplier." It also outlines the application and licensing process, including criminal history checks, and provides grounds for denying or revoking a license. The bill sets requirements for sports wagering operations, including the use of monitoring systems, reporting, and maintaining daily records. It authorizes the department to enter into sports wagering agreements with other jurisdictions and provides for the taxation of sports wagering revenue. The bill also exempts licensed sports wagering from the state's gambling laws.