Senate Bill 176 was introduced by Niraj Antani and details the legalization and regulation of the sports betting market, which may open on January 2022, within the state.
Two types of license are permitted under the new legislation. Type A licenses allow vendors to offer sports betting through an online sports pool under one brand name each, with a single controlling person not permitted to able to obtain more than five of these licenses. Type B licenses (capped at a maximum of 20 per vendor) allow sports gaming agents to offer sports gaming at one retail facility.
Both license types require a nonrefundable $1m license fee, deposited into the Sports Gaming Revenue Fund. There is also a $10,000 nonrefundable application fee.