KRS 230.811: License required to conduct sports wagering -- Prerequisites to obtaining

sports wagering license -- Fees.

(1) Except as provided in KRS 230.805(6), no person shall conduct, manage, or offer to

conduct sports wagering within the Commonw ealth of Kentucky without obtaining

a license from the corporation.

(2) As a prerequisite to obtaining a sports wagering license, a person shall be licensed

as an association under KRS 230.300. If sports wagering is conducted by the track

that chooses not to contract with a service provider, it shall comply with the

standards established by the corporation for service providers to ensure the integrity

of the system of sports wagering before conducting sports wagering in the

Commonwealth.

(3) In addition to the requirement in subsection (2) of this section, an initial fee of five

hundred thousand dollars ($500,000) shall be paid to the corporation before a sports

wagering license may be issued to a track.

(4) An annual renewal fee of fifty thousand dollars ($ 50,000) shall be required for each

sports wagering license.

(5) (a) A track or association shall not manage or offer to conduct fixed -odds

wagering within the Commonwealth of Kentucky without obtaining a

supplemental license from the corporation.

(b) An initial fee of two thousand five hundred dollars ($2,500) shall be paid to

the corporation before a supplemental license may be issued to a track or

association.

(c) An annual renewal fee of two thousand five hundred dollars ($2,500) shall be

required for a supplemental license.

(6) Licensing fees under this section shall be paid to the corporation.