Current through Register 1531, September 27, 2024
(1) A Sports
Wagering Operator must maintain a record of all promotional offers related to
Sports Wagering. For each promotional offer, the Operator must document, at a
minimum, the following:
(a) The name or
identification of the promotional offer;
(b) The terms of the promotional offer, as
specified in
205
CMR 247.09(2);
(c) The date(s) and time(s) the promotional
offer was or is scheduled to be available;
(d) The date and time the promotional offer
was or is scheduled to become discontinued;
(e) The current status of the Promotional
offer; and
(f) The conditions or
circumstances under which the promotion is displayed to a patron.
(2)
Disclosure of
Terms.
(a) Sports Wagering
Operators shall fully and accurately, clearly and conspicuously disclose the
material terms of all promotional offers at the time such offers are
advertised. If the material terms of a promotional offer cannot be fully and
accurately disclosed within the constraints of a particular advertising medium,
the promotional offer may not be advertised in that medium.
(b) Sports Wagering Operators shall provide
full disclosures of the terms of and limitations on the offer before the patron
provides anything of value in exchange for the offer. The terms disclosed
according to
205
CMR 247.09(2)(b) must
include, at a minimum, all of the following:
1. The date and time advertisements for the
offer are being presented;
2. The
date(s) and time(s) the offer is available;
3. The date and time the offer becomes
discontinued;
4. Any requirements
for a patron to be eligible;
5. Any
associated restriction on withdrawals of funds;
6. Wagering requirements and limitations on
Sporting Events or Wager Categories;
7. How the patron will be notified when they
have received an award;
8. The
order in which funds are used for wagers;
9. Eligible Sporting Events or Wager
Categories; and
10. Rules regarding
cancellation.
(3) No promotional offer available to new
patrons may contain terms that delay full implementation of the ability to
redeem the Offer, for a period of longer than 30 days, or require the patron to
maintain an account with the Operator for longer than 30 days to be eligible
for the Offer, regardless of the amount of Sports Wagering in that period by
the patron.
(4) No promotional
offer may reward, be contingent upon, or otherwise relate to a patron's
referral of other patrons to the Operator.
(5) Promotional offers must comply with all
applicable provisions of M.G.L. c. 23N, 205 CMR and all other applicable laws,
including
940 CMR
3.00: Consumer Protection, General
Regulations and
949 CMR
6.00: Retail Advertising, provided
that 940 CMR 6.08(3)(b), (3)(c), (5)(b), (5)(c) and
(6) shall not apply.
(6) A Sports Wagering Operator must provide a
clear and conspicuous method for a patron to cancel their participation in a
bonus or promotional offer that utilizes restricted wagering credits that
cannot be cashed out until a wagering requirement or other restrictions
associated with the credits is met:
(a) Upon
request for cancellation, the Sports Wagering Operator shall inform the patron
of the amount of unrestricted funds that will be returned upon cancellation and
the value of restricted wagering credits that will be removed from the Sports
Wagering Account; and
(b) If a
patron elects to proceed with cancellation, unrestricted funds remaining in a
patron's Sports Wagering Account must be returned according to the terms of a
promotional offer.
(7)
Once a patron has met the terms of a promotional offer, a Sports Wagering
Operator must not limit payouts earned while participating in the
offer.
