Mich. Admin. Code R. 432.649 - Tournaments/contests and bonus and promotional wagering
Rule 649.
(1) An
internet gaming operator or internet gaming platform provider may conduct an
internet gaming tournament or contest on an authorized game subject to all of
the following:
(a) No internet gaming
tournament or contest will be conducted unless the internet gaming operator or
internet gaming platform provider, before the first time a tournament or
contest type is offered, files written notice with the board of its intent to
offer that tournament or contest type. The internet gaming operator or internet
gaming platform provider may file a master tournament list with the board to
satisfy this requirement.
(b) Each
internet gaming operator or internet gaming platform provider must maintain a
record of each tournament or contest type it offers, which must address, at a
minimum, all of the following:
(i) Internet
game type (for example, hold 'em poker).
(ii) Rules concerning tournament or contest
play and participation.
(iii)Entry
fee amount or amounts per participant.
(iv) Funding source amount or amounts
comprising the prize pool (for example, buy-ins, re-buys, or
add-ons).
(v) Prize structure on
payout.
(vi) Methodology for
determining winner or winners.
(2) An internet gaming operator or internet
gaming platform provider may conduct internet gaming bonus and promotional
wagering offers subject to all of the following:
(a) An internet gaming operator or internet
gaming platform provider must maintain a record of all bonus and promotional
wagering offers related to internet gaming in an electronic file that is
readily available to the board.
(b)
All bonus and promotional wagering offers must be stated in clear and
unambiguous terms and must be accessible by the authorized participant after
the offer is accepted and before completion.
(c) Offer terms and the record of all offers
must include all of the following at a minimum:
(i) The date and time the offer is active and
expires.
(ii) Authorized
participant eligibility, including any limitations on participation.
(iii)Any restriction on withdrawals of
funds.
(iv) Wagering requirements
and limitations by type of internet game.
(v) The order in which funds are used for
internet wagers.
(vi) Eligible
internet games.
(vii) Rules
regarding cancellation.
(3) An internet gaming platform or internet
gaming platform provider must provide a clear and conspicuous method for an
authorized participant to cancel his or her participation in a bonus or
promotional wagering offer that utilizes restricted gaming credits that cannot
be cashed out until a wagering requirement or other restrictions associated
with the credits is met. If an authorized participant elects to proceed with
cancellation, unrestricted funds remaining in an internet wagering account must
be returned according to the terms and conditions.
(4) Once an authorized participant has met
the terms of a bonus or promotional wagering offer, an internet gaming operator
or internet gaming platform provider must not limit winnings earned while
participating in the offer.
(5)
Internet gaming operators or internet gaming platform providers may utilize
celebrity authorized participants or other authorized participants to
participate in peer-to-peer games for advertising or publicity purposes. Such
authorized participants may have their internet wagering account funded in
whole or in part by an internet gaming operator or internet gaming platform
provider.
(6) An internet gaming
operator or internet gaming platform provider may pay a fee to the celebrity
authorized participant. If a celebrity authorized participant is utilized and
the celebrity authorized participant generates winnings that the internet
gaming operator or internet gaming platform provider does not permit the
celebrity authorized participant to retain, the winnings must be included in
gross receipts in a manner approved by the board.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.