Fantasy Sports Contests License
A fantasy sports contests license is required for any company that is requesting authorization to conduct fantasy sports contests in Iowa.
Code Citation 99E
Who Applies A fantasy sports contests provider that is requesting a license to conduct fantasy sports contests in Iowa.
When To Apply Application must be filed with the administrator of the Racing and Gaming Commission at least 90-120 days prior to the proposed first day of wagering.
Initial Requirements Application must include application fees, completed DCI background packets for the business entity, key staff, and board members along with the DCI background fees.
Duration One year.
Processing Time Up to 90-120 days.
Fee Structure $5,000 initial fee. Renewal fee is $1,000, or $5,000 for a licensed internet fantasy sports contest service provider with total annual internet fantasy sports contest adjusted revenues for the year prior to the annual license fee renewal date of $150,000 or greater.
Renewal Requirements Does not pertain.
Exam Does not pertain.
Additional Information None.
- Service SubCategory