2022 New York Laws
PML - Racing, Pari-Mutuel Wagering and Breeding Law
Article 14 - Interactive Fantasy Sports
1406 - Annual Report.
§ 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 following information as it shall apply to accounts held by authorized players located in New York state:(a) the number of accounts held by authorized players on all platforms offered by the registrant, and the number of accounts held by highly experienced players on all platforms offered by the registrant;
(b) the total number of new accounts established in the preceding year, as well as the total number of accounts permanently closed in the preceding year;
(c) the total amount of entry fees received from authorized players;
(d) the total amount of prizes awarded to authorized players;
(e) the total amount of interactive fantasy sports revenue received by the registrant;
(f) the total number of authorized players that requested to exclude themselves from contests;
(g) any additional information that the commission deems necessary to carry out the provisions of this article. 2. Upon the submission of such annual report, to such extent that the commission deems it to be in the public interest, the commission shall be authorized to conduct a financial audit of any registrant, at any time, to ensure compliance with this article. 3. The commission shall annually publish a report based on the aggregate information provided by all registrants pursuant to subdivision one of this section, which shall be published on the commission's website no later than one hundred eighty days after the deadline for the submission of individual reports as specified in subdivision one of this section.
