Arizona Laws 5-1208. Requirements
A. After a fantasy sports contest operator is licensed, the fantasy sports contest operator shall report any change to the information regarding ownership included in its application with the department within thirty days after the change is effective. The fantasy sports contest operator’s license shall remain valid unless the department determines that the fantasy sports contest operator is no longer qualified to maintain the license due to the change.
Terms Used In Arizona Laws 5-1208
- Application: means a request to issue a license as a fantasy sports contest operator or to approve any act related to fantasy sports contests. See Arizona Laws 5-1201
- Department: means the department of gaming. See Arizona Laws 5-1201
- Fantasy sports contest: means a simulated game or contest that is offered to the public with an entry fee and that meets all of the following conditions:
(a) No fantasy sports contest team is composed of the entire roster of a real-world sports team. See Arizona Laws 5-1201
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- License: means an approval that is issued by the department to any person or entity to be involved in a fantasy sports operation. See Arizona Laws 5-1201
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- operator: means a person that is engaged in the business of professionally conducting paid fantasy sports contests for cash or other prizes or awards for members of the general public that requires cash or cash equivalent as an entry fee to be paid by a member of the general public who participates in a paid fantasy sports contest. See Arizona Laws 5-1201
- Person: means an individual, partnership, corporation, association, limited liability company, federally recognized Indian tribe or other legal entity. See Arizona Laws 5-1201
- United States: includes the District of Columbia and the territories. See Arizona Laws 1-215
B. A licensed fantasy sports contest operator shall retain and maintain in a place secure from theft, loss or destruction all of the records required to be maintained under this chapter and the rules adopted under this chapter for at least three years after the date the record is created.
C. A licensed fantasy sports contest operator shall organize all records under subsections A and B of this section in a manner that enables the licensed fantasy sports contest operator to provide the department with the records.
D. Information obtained under this section is confidential and privileged and is not subject to disclosure as provided in Title 39, Chapter 1, Article 2.
E. If a fantasy sports contest operator is required to file a form 1099-Misc or other substantially equivalent form with the United States internal revenue service for a person who is identified by the Arizona administrative office of the courts, the department of economic security division of child support enforcement, the department of economic security supplemental nutrition assistance program and assistance overpayment or the Arizona health care cost containment system administration as owing an obligation, the fantasy sports contest operator shall withhold from the person’s account the amount of obligations owed at the time the form 1099-Misc or a substantially equivalent form is issued, if the fantasy sports operator has been notified by this state of the obligation. At that time, the fantasy sports contest operator shall transmit the amount withheld for obligations to the department of gaming and shall also transmit any information requested by the department of gaming. The department of gaming shall provide information to the fantasy sports contest operator of persons with outstanding obligations. If the identified person is also self-excluded, tax liabilities and setoff obligations shall be satisfied before any monies are donated to the department of gaming division of problem gambling pursuant to section 5-1206. If the identified person has multiple liabilities, those liabilities shall be satisfied in the following order:
1. Child support enforcement.
2. Supplemental nutrition assistance program and assistance overpayment.
3. The courts.
4. The Arizona health care cost containment system administration.