42-7A-41. Video lottery machine manufacturer, distributor, operator, and establishment licenses required--Fees.
162 words·~1 min read·
/sd/title-42/chapter-42-7/42-7a-41A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each video lottery machine manufacturer, distributor, operator, and licensed establishment shall be licensed by the executive director before any video lottery machine or associated equipment is manufactured, distributed, sold, or placed for public use in this state. The commission shall, by rule promulgated pursuant to chapter 1-26 , establish an annual fee for each license not to exceed the following:
(1)Video lottery machine manufacturer--$5,000;
(2)Video lottery machine distributor--$5,000;
(3)Video lottery machine operator--the greater of $1,000 or $100 per machine licensed; and
(4)Video lottery establishment--$100.
In addition to the annual license fees, the executive director may charge a one - time license application fee not to exceed fifty dollars. All fees collected pursuant to this section shall be deposited in the video lottery operating fund created by § 42-7A-41.1 . All licenses issued by the South Dakota Lottery under this section are renewable annually unless sooner cancelled or terminated. No license issued under this section is transferable or assignable.