HSB 228

This bill imposes certain requirements relating to the issuance and possible revocation of an advance sports wagering license under Code chapter 99F. _____ license to conduct advance deposit sports wagering to determine whether the applicant is knowingly accepting revenue derived from any jurisdiction sanctioned by the office of foreign assets control of the United States treasury or is accepting or assisting in the acceptance of online wagers or consideration related to online wagering from any country in which such online gambling is prohibited or illegal. The bill provides that if the commission has substantial evidence that an applicant to conduct advance deposit sports wagering is doing any of the activities described in the bill, the commission shall not grant the applicant a license. In addition, the bill provides that if the commission determines that a licensee to conduct advance deposit sports wagering is doing any of the activities described in the bill, the commission shall revoke the license.