R 432.724 Fees, fines, taxes, payments, and assessments.

Rule 724. (1) All fees, fines, taxes, payments, and assessments provided for under the act and these rules must be timely submitted to the board by a payment method acceptable to the board, such as a certified check, cashier's check, money order made payable to "State of Michigan," or electronic transfer of funds. (2) A sports betting operator must remit the tax or payment imposed by the act to the board by an electronic transfer of funds. A sports betting operator licensee must maintain an account at a designated financial institution that is capable of handling electronic fund transfers. (3) The following nonrefundable license application fees must be submitted to the board, together with the required license application form or forms, for the corresponding license classification to which the fees relate: (a) Sports betting operator license application: $50,000.00. (b) Sports betting supplier license application: $2,500.00. (c) Occupational license application: $250.00. (4) The license application fee will be used by the board to conduct an appropriate background investigation of the applicant as prescribed by the board, the act, and these rules. No portion of a remitted application fee will be refunded. (5) An additional background investigation charge may be assessed to the extent the board's direct investigative costs exceed the applicant's application fee. Unless otherwise determined by the board, a license may not be issued until payment of the additional assessed charge for completion of the background investigation is received by the board. (6) A licensee may also be assessed the board's direct investigative costs arising from a background investigation for renewal of a license to the extent the costs exceed the application fees. The board may deny a renewal application if the licensee does not pay the additional assessed costs by a date set by the board. (7) The following license fees must be submitted to the board by the applicant upon initial issuance of the license under the act and these rules: (a) Sports betting operator license: $100,000.00. (b) Sports betting supplier license: $5,000.00. (c) Occupational license: $250.00. (8) The following license fees must be submitted to the board by the licensee after the initial license is issued under the act and these rules: (a) Sports betting operator license annual fee: $50,000.00. (b) Sports betting supplier license annual fee: $2,500.00. (c) Occupational license biennial fee: $250.00.