Delaware Administrative Code
Title 10 - Charitable Gaming, Lottery, and Fantasy Sports
300 - Division of Gaming Enforcement
301 - Interactive Fantasy Sports Contests Regulations
Section 301-18.0 - Tax Laws and Disclosures
Universal Citation: 10 DE Admin Code 301-18.0
Current through Register Vol. 28, No. 3, September 1, 2024
18.1 Obligation to comply with applicable tax laws including disclosures:
18.1.1 Registrant shall comply with all applicable tax laws and regulations including, without limitation, laws and regulations applicable to withholding and laws and regulations applicable to providing information about winnings and withholdings to taking authorities and to authorized players.
18.2 Disclosure of potential tax liabilities:
18.2.1 Registrant shall disclose potential tax liabilities to its authorized players in the on-boarding process and again at the time of award of any prize in excess of $600. Such disclosures will include a statement that the obligation to pay applicable taxes on winnings is the responsibility of the authorized player and that failure to pay applicable tax liabilities may result in civil penalties and criminal liability.
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