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The bills originally referred to as for a flat $250,000 license payment, however among Northam’s modification was one which calls for a $50,000 charge per principal inside a company. A principal is defined as someone who has a 5% or extra possession stake in an organization. Yes, regulations were finalized in late 2020, and we noticed the first sportsbook, FanDuel, go live in January 2021, adopted by a number of others.

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