(a) A game operator must:
- (1) be authorized to transact business in Indiana under IC 23 ; and
- (2) pay to the division the initial fee imposed under subsection (b).
- (b) A game operator shall pay to the division an initial fee of at least fifty thousand dollars ($50,000) for the privilege of conducting paid fantasy sports games under this chapter. The division may increase the initial fee up to seventy-five thousand dollars ($75,000) to pay for all of the direct and indirect costs of the operation of the division.
- (c) A game operator shall annually pay to the division a five thousand dollar ($5,000) fee on the anniversary date of the payment made under subsection (b) to renew the privilege of conducting paid fantasy sports games under this chapter.
- (d) The division shall deposit all fees received under this section in the fantasy sports regulation and administration fund.
As added by P.L.212-2016, SEC.2.