New York Racing, Pari-Mutuel Wagering and Breeding Law Article 14 - INTERACTIVE FANTASY SPORTS

• 1400 - Legislative Findings and Purpose.
  1. The legislature hereby finds and declares that: (a) Interactive fantasy sports are not games of chance because they consist of fantasy or simulation sports...
• 1401 - Definitions.
  As used in this article, the following terms shall have the following meanings: 1. "Authorized player" shall mean an individual located in New York state,...
• 1402 - Registration.
  1. (a) No operator shall administer, manage, or otherwise make available an interactive fantasy sports platform to persons located in New York state unless registered...
• 1403 - Scope of Registration Review.
  1. The commission shall prescribe the initial form of the application for registration which shall require, but not be limited to: (a) the full name...
• 1404 - Required Safeguards, Minimum Standards.
  1. As a condition of registration in New York state, each operator and registrant shall implement the following measures: (a) limit each authorized player to...
• 1405 - Powers and Duties of the Commission.
  1. The commission shall promulgate regulations to implement the provisions of and effectuate the policy and objectives of this article as the commission may deem...
• 1406 - Annual Report.
  1. Each registrant shall annually submit a report to the commission no later than the thirtieth of June of each year, which shall include the...
• 1407 - State Tax.
  For the privilege of conducting interactive fantasy sports contests in the state, registrants shall pay a tax equivalent to fifteen percent of their interactive fantasy...
• 1408 - Additional Regulatory Costs.
  The commission may assess annually, in arrears, on each registrant proportional to the interactive fantasy sports gross revenue of such registrant in the preceding year...
• 1409 - Disposition of Taxes.
  1. The commission shall pay into the state lottery fund all taxes imposed by this article; any interest and penalties imposed by the commission relating...
• 1410 - Determination of Tax Liability.
  The commission may perform audits of the books and records of an interactive fantasy sports operator with a permit or registrant, at such times and...
• 1411 - Contests Authorized.
  Interactive fantasy sports contests registered and conducted pursuant to the provisions of this chapter are hereby authorized.
• 1412 - Contests Prohibited.
  The conduct of unregistered interactive fantasy sports contests is prohibited.

Last modified: February 3, 2019