§ 18C-908. Renewals of licenses.

304 words·~1 min read·/nc/chapter-18c/18c-908

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(a)Except as provided in this subsection, an interactive sports wagering operator's license issued pursuant to this Article shall expire upon the earlier of five years or the breach, discontinuance, or other cessation of the written designation agreement required under G.S. 18C-905. All other licenses issued pursuant to this Article shall be valid for five years.

(b)At least 60 days prior to the expiration of a license, the license holder shall submit a renewal application, on a form prescribed by the Commission, including a renewal fee as follows:

(1)One million dollars ($1,000,000) for an interactive sports wagering license.

(2)Fifty thousand dollars ($50,000) for a service provider license.

(3)Thirty thousand dollars ($30,000) for a sports wagering supplier license.

(c)The Commission may revoke or deny a license renewal for any of the following reasons:

(1)The same grounds that would constitute denial of an initial application under G.S. 18C-906(g).

(2)A violation of this Article or a pattern of noncompliance with rules or directives promulgated by the Commission.

(3)A violation of Article 2E of Chapter 105 of the General Statutes.

(4)The Commission's previous decision to suspend or impose civil penalties on the licensee.

(d)With respect to interactive sports wagering operators, the Commission may deny a license renewal if the Commission finds good cause that the licensee has materially not complied with the provisions of this Article.

(e)The Commission may, in its discretion, require an annual attestation of compliance from licensees. The Commission shall prescribe the form, method, and deadline of the attestation of compliance. To the extent a licensee identifies any instance of technical or material noncompliance in its annual attestation of compliance, it shall also submit a remedial or mitigation plan for the Commission's consideration. (2023-42, s. 1; 2023-134, s. 11.18(h).)