a) An applicant for a supplier license under the Sports Wagering Act that holds a valid supplier license under the Illinois Gambling Act shall be granted a supplier license by the Board, providing the following requirements have been met:

1. 1) The Administrator has deemed the application to be complete;
2. 2) The applicant has updated its description of products or services provided; and
3. 3) The applicant has paid its nonrefundable application fee.

b) An applicant for an occupational license under the Sports Wagering Act who holds a valid occupational license of the same or higher level under the Illinois Gambling Act shall be granted an occupational license by the Board, providing the following requirements have been met:

1. 1) The Administrator has deemed the application to be complete; and
2. 2) The applicant has paid his or her initial annual license fee.