Washington Gambling Commission Adopts Excise Tax Regulations on Licensing, Regulatory Framework for Sports Wagering

The Washington Gambling Commission July 30 adopted regulations to create a licensing and regulatory framework for sports wagering consistent with the Gambling Act and the negotiated tribal-state compact amendments for excise tax purposes. The rules include measures: 1) requiring sports wagering vendors to submit a license application with the appropriate fees online and to provide the required items within 30 days of notification of an incomplete application; 2) disallowing substantial interest holders in a business licensed as a sports wagering vendor from having an additional representative licensed to perform representative duties connected with that business; 3) providing the gross gambling ...