On or before July 1 each year, each sports wagering licensee shall report to the Commission on: the number of minority and women owners of the licensee; the ownership interest of any minority and women owners of the licensee; the number of minority and women employees of the licensee; the number of current contracts the licensee has with minority– and women–owned subcontractors; and any other information considered necessary by the Commission. On or before December 1 each year, the Commission shall report to the Governor and, in accordance with § 2–1257 of this article, to the General Assembly on: the operation of sports wagering in the State; and sports wagering revenues from the immediately preceding fiscal year, including the handle, hold, hold percentage, and proceeds, broken down by categories defined by the Commission. Subject to paragraph (2) of this subsection, on or before December 1, 2025, the Commission shall report to the General Assembly, in accordance with § 2–1257 of the State Government Article, on the racial, ethnic, gender, and geographic diversity of holders of Class B–1 and B–2 sports wagering facility licenses and mobile sports wagering licenses under this subtitle, the level of market saturation of sports wagering in the State, and whether the number of Class B–1 and B–2 sports wagering facility licenses and mobile sports wagering licenses that may be issued under this subtitle should be increased in order to address the demand for sports wagering in the State. Before the Commission submits the report described under paragraph (1) of this subsection, the Commission shall provide the Legislative Policy Committee with at least 30 days to submit comments to the Commission.